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《大行報告》匯豐研究料中資券商短期維持區間波動 重申中信証券(06030.HK)「買入」評級
阿思達克 10-06 09:59
匯豐研究發表報告指,9月中國市場活動依然低迷,成交量及新基金銷售處於低位,A股ADT(日均成交額)進一步下跌至7,190億元人民幣,是2020年7月以來的最低水平。由於中國證監會放慢IPO融資以平衡流動性供需,A股IPO活動亦陷入停滯,募集金額按月下降69%。9月孖展融資額按月增3%,但利率持續走低。隨著市場活動減弱,該行預期2023財年市場成交量和A股IPO金額將面臨下行風險。 該行維持中資券商短期內仍處於區間波動的觀點,認為中國房地產和地方政府融資平台市場穩定的跡象將是一個積極的催化劑,鑑於宏觀不確定因素較低,這或會提振投資者情緒和市場活動。由於中信証券(06030.HK)的領先地位及估值具吸引力,該行維持其「買入」評級,目標價18.3元。
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