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《大行報告》匯豐研究微升港交所(00388.HK)目標價至423元 評級「買入」
阿思達克 04-27 10:41
匯豐研究發表報告指,在投資收益推動下,港交所(00388.HK)首季業績勝預期,與市場相關的收入符合預期,成本略遜預期。 該行將港交所今年至後年各年盈測分別上調9.2%、4.8%及0.4%,反映日均成交金額假設較低,分別為1,280億、1,400億及1,590億元,但由於利率上升,上調淨投資收益估算。目標價由422元微升至423元,評級「買入」。 報告提到今年餘下時間的主要催化劑,包括南向股票交易的人民幣櫃台將於第二季啟動,可能有助於收窄AH股溢價,並令香港離岸人民幣資金池的大幅擴張。同時,內地出現多個復甦跡象,以及有效存款利率的適度下降,可能會刺激內地投資者的風險偏好,加上修訂對特專科企的上市要求後,上市活動可能會增加等。
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