《大行報告》花旗降中資券商股目標價 偏好中信証券(06030.HK)及華泰證券(06886.HK)
花旗發表報告指,隨著內地提出培育一流投資銀行和投資機構,見到出現新一輪的券商併購和商業模式轉型。該行預計行業整合將在2024年期間加速,因為近期的機構經紀佣金率下調和與孖展融資相關的費率下調已使少數幾家收入高度依賴基金銷售的小型經紀商難以競爭或生存。
報告指,相對而言,大型經紀商處於有利地位,可以取得更多市場份額,因為他們可以轉型財富管理業務,提供更多差異化和增值服務,並在未來賺取資產管理費用,而不是基於交易的費用;他們可以利用新資本規則提高槓桿率和投資回報率。該行推薦中信証券(06030.HK)及華泰證券(06886.HK),因其多元化和成熟的機構業務而成為潛在的受惠者。
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.