《大行報告》里昂降港交所(00388.HK)目標價至285元 續面對逆風
里昂發表報告指,港交所(00388.HK)繼續面對逆風,去年第四季業績差過該行及市場預期,主要因為投資收入出現一次性損失、員工及資訊科技成本上升,核心收入的驚喜有限。全年稅後盈利118.62億元、每股盈利9.36元,大致符合市場預期。
報告指,在日均成交疲弱、IPO集資低迷下,相信港交所今年首季業績迎來挑戰,不過衍生工具及商品交易似乎具鼓舞,將港交所今明兩年每股盈利預測分別下調6%及4%,以反映上市費用及淨利息收入疲弱,目標價由297元下調至285元,評級「買入」。
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