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《大行報告》瑞信降港交所(00388.HK)評級至「中性」 目標價下調至502元
阿思達克 01-26 10:12
瑞信發表研究報告指,港股去年第四季日均成交量達1,260億元,按季下降24%,主要由於流通量及平均市值下降。該行預計,港交所(00388.HK)第四季收入將按年下滑6%至48億元,而稅後淨利潤將按年下跌12%至26億元,低於市場預期23%。 年初至今港股成交延續去年第四季的低迷交易情緒,日均成交額為1,310億元。瑞信表示,上市公司復甦較預期慢,加上市場情緒不樂觀,因此將2022財年日均成交預測從1,630億元下調至1,510億元。 瑞信認為,MSCI中國A50期貨、SPAC、ETF通等措施已反映在港交所目前的估值中,投資者對香港市場是否能吸引大量新股感到擔憂是合理的。瑞信將港交所2021至2023財年每股盈利預估下調0.3%、4%及4.4%,日均成交量預測下調至1,670億、1,510億及1,710億元,估計2022財年港交所稅後淨利潤將達到135億元,較市場預期低13%。 瑞信將港交所的目標價從534元下調至502元,並將投資評級由「跑贏大市」下調至「中性」。
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