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《大行報告》野村下調港交所(00388.HK)目標價至441.1元 評級「買入」
阿思達克 04-28 10:06
野村發表研究報告指,受投資虧損所拖累,港交所(00388.HK)首季盈利表現遜該行預期約9%;整體收入按年跌21%,亦較該行預測低6%,惟核心業務收入大致符合該行預期。 期內由於平均每日成交金額按年減少35%至1,465億元,導致交易、結算費及存管費用收入均有所下跌,但滬深港通南向交易平均每日成交金額則按季上升29%。同時交投活躍亦帶動衍生產品交易費用收入按季升21%。 在內地監管、經濟放緩及近期疫情影響下,新股市場情緒疲軟,期內新股上市宗數減少,上市費用收入按年跌5%。 野村表示,相應將港交所2022至2023年淨利潤預測下調5%及3%,至按年增長1%及23%,目標價由457.1元下調至441.1元,維持「買入」評級。
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