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大行評級 | 瑞信:降港交所目標價至383港元 料首季投資收益減少
格隆匯 04-14 15:15
格隆匯4月14日丨瑞信發研報指,港交所(0388.HK)今年首季度日均成交額(ADT)錄得1470億元,按季增長16%,按年下降35%。由於交易相關收入減少,以及淨投資收入減少,預計今年首季度收入將按年下降17%至49.5億元,料首季税後淨利將按年下降24%至29.1億元,低於彭博預期,下調目標價由423港元至383港元,維持“中性”評級。該行表示,預計首季淨投資收益將降至9000萬元,主要是由於股市表現疲弱,季內有17家新公司上市,一級市場復甦尚未到來。展望未來監管不確定性依然存在,下調2022年至2024年的每股盈利預測分別為6%、5.3%及5.1%,主要是由於預期今年淨投資收入下降以及三年內新公司上市數量減少。該股現報342.2港元,總市值4339億港元。

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