《大行報告》中信証券升港交所(00388.HK)目標價至400元 評級「增持」
中信証券發表研報指,考慮到龍頭企業基本面及美元流動性均有所改善,出現明顯見底跡象,預期港交所(00388.HK)明年業績將修復,因此將2022至2024年各年純利預測分別上調至100億、121億及141億元。
該行表示,中國當局調整疫情防控措施,並明確「穩增長」的政策方針,雖然預期短期內疫情將為市場帶來波動,但農曆新年後經濟有望加快復甦,同時美國聯儲局貨幣緊縮邊際放緩預期下,美元指數持續回落,流動性正在改善。
該行指,港股市值及換手率回升,帶動日均成交額(ADT)亦明顯回升,預期趨勢將於明年維持,港股市場估值亦出現修復。展望明年,如果港股市值可恢復至今年初水平,則預測ADT 有望達到1,400億元,按年略有提升。
考慮到加息效應將在明年更充分體現,該行估計港交所明年委外投資收益不出現大幅波動,投資收益料按年增長,相應將目標價上調至400元,並維持「增持」評級。
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