《大行報告》中金料港交所(00388.HK)上季盈利按年跌12% 估去年多賺18%
中金髮表報告指,港交所(00388.HK)計劃於2月29日公佈2023年第四季及全年業績,預計第四季收入按年下跌7%,按季下跌5%至48.4億人民幣,剔除投資收益後主營業務收入按年下跌15%,按季下跌6%至35.9 億人民幣,估計盈利按年下跌12%,按季下跌11%至26.4億人民幣。預計全年總收入按年上升11%至205億人民幣,盈利按年上升18%至119億人民幣。
該行指,交投低迷或拖累港交所第四季主營費類收入表現、衍生品及商品業務料表現穩健。現貨上,第 四季港股指數及換手率表現低迷、ADT下跌28%,按季下跌8%至910億人民幣;衍生品活躍度整體維持高位,股指期貨及期權ADV按年下跌11%,按季上升1%至75.2萬張;3)商品受益美聯儲寬鬆預期及市場供給收緊、LME ADV按年上升30%,按季上升14%至66萬張,單季ADV達到2020首季以來最高水平;第四季上市完成26間IPO、融資額214億人民幣,按年下跌31%,按季上升205%,考慮當前A股及港股IPO市場監管環境的差異、以及港股上市新規持續優化,若市場情緒好轉、該行預計港股融資情況有望持續修復。
中金維持對港交所評級爲「跑贏行業」 ,目標價360港元。
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