《大行報告》里昂下調港交所(00388.HK)目標價至369元 評級「買入」
里昂發表研報指,港交所(00388.HK)第三季純利按年增長30.5%,達到29.53億元,超出市場預期4.5%,主要由於期內浮動投資收益淨額達到12億元所帶動。
環球息率喘定,市場憧憬明年美聯儲或降息,里昂預期,投資收益淨額可能會於今年第四季見頂,並在未來兩年逐年下降。考慮到現貨市場投資情緒仍然疲軟,加上新股活動放緩,該行相應將今明兩年每股盈利預測下調至3%及4%,達到9.49及9.73元,並年度日均成交額預測下調至1,070億及1,250億元。
里昂又將2023及2024年衍生產品業務預測分別下調9.5%及13.6%,整體收入預測下調3%至208.66億及216.62億元,目標價從384元降至369元,對應預測市盈率約38倍不變。
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.