花旗:港交所(0388.HK)第三季純利遜預期 維持中性評級
花旗發表研究報吿指,港交所(0388.HK)第三季純利32.5億元,按年跌3%,按季升17%,遜市場預期,主要由於收入低於預期,但勝該行預期;核心收入按年升11%,按季升14%至47.3億元,遜預期。該行維持其“中性”評級,目標價480港元。
花旗指,港交所期內推出一系列新產品,包括10月份推出的MSCI中國A股衍生產品,六種LME現金結算期貨,以及兩種實物結算的期貨期權,市場早前普遍下調港交所第三季度盈利預測,但業績仍略低於預期,不過遜預期的幅度比之前季度縮小,因此該行對今年盈利預測再下調低至中單位數。
花旗續指,鑑於近期市場波動和IPO放緩,市場焦點可能圍繞明年的收入前景。花旗維持港交所“中性”評級,因近期盈利風險和估值偏高。

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