《大行報告》中金料港交所(00388.HK)去年純利增9% 維持「跑贏行業」評級
中金發表報告,由於修訂日均交易額(ADT)的假設,將港交所(00388.HK)去年的盈利預測下調1.7%至126億元,今年盈測下調0.9%至145億元,按年增長分別為9%和15%,並料2023年增長16%至168億元,維持「跑贏行業」評級,目標價580元。
中金指,港交所定於2月24日發布去年第四季和全年業績。該行預計,由於日均交易額溫和下降,去年第四季的收入將按年下降3%,按季下降7%,至49億元;全年收入將按年增長10%,至212億元。同時預計去年第四季盈利將按年下降7%,按季下降16%至27億元,全年盈利則按年增長9%至126億元。
中金預料,港交所去年第四季ADT按年下降10%,按季下降24%至1,263億元。由於監管的不確定性和市場情緒的影響,去年第四季的IPO數量按年下降49%,按季下降11%至24家,總融資額按年下降77%,按季下降42%至432億元。隨著主要指數的反彈,預計集體投資計劃將推動去年第四季的投資收入按季增長118%至4.33億元。另中金指優化海外發行人上市制度的改革和外部環境的不確定性可能會吸引更多的中國ADR來港上市。
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