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《大行報告》大摩:港交所(00388.HK)首季每股盈利符合預期 收入則遜預期
阿思達克 04-27 14:36
摩根士丹利發表研究報告指,港交所(00388.HK)今年首季收入按年跌21%至46.9億元,比大摩預測的47.8億元低2%;每股盈利符合預期,達到2.11元,按年下跌30%。 大摩指出,收入遜預期主要是由於存管、託管及代理人服務費收入低於預期,但期內EBITDA利潤率仍能穩定維持於75%水平。 該行指,首季港交所交易費、結算及交收費及投資收益表現疲軟,主要受到整體日均成交量按年下跌所拖累,以及IPO電子申請減少所致。首季總開支按年增加7%,符合大摩預期。大摩給予目標價430元,評級為「與大市同步」。
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