《大行報告》匯豐研究普遍上調中資券商股目標價 首選中信証券(06030.HK)
匯豐研究發表研究報告指,儘管中資券商行業自去年底以來的強勁反彈後最近出現獲利回吐壓力,但該行對行業今年的前景仍然持樂觀態度,未來中資券商股的結構性催化劑包括A股市場的註冊制IPO制度、財富管理進展及債市莊家制(bond market maker)。儘管北向流動在1月的強勁表現後似乎失去動力,市場活動在春節過後仍有回升,該行提高投資銀行和財富管理收入公司的目標價,看好中信証券(06030.HK)。
該行表示,註冊制IPO制度的諮詢文件已於2月初公布,預計上半年正式啟動,預期IPO承銷市場將進一步整合,因為龍頭企業擁有更好的研究、銷售和價格發現能力。該行又將今年A股IPO集資賽預測上調。該行另預計,中國投資者將轉向在岸金融產品作為房地產投資的替代方案之一,這將加快中國券商經紀人的財富管理轉型。該行又提到,債券做市交易業務將於2月6日正式上線,首批做市商包括中信証券、華泰證券(06886.HK)等12間券商。
該行上調中金公司(03908.HK)的目標價,由18元升至20.4元,而華泰證券及海通國際(06837.HK)的目標價分別上調至10.4元及5.4元。該行又重申中信証券「買入」評級及目標價23元。(sl/u)
~
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.