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大行評級|瑞銀:下調港交所目標價至260港元 預期首季税後純利跌21%
瑞銀髮表研究報吿,港交所將於4月24日公佈其首季業績,預期首季税後純利按年跌21%至27億港元,按季則升4%,略低於市場預期;料首季收入按年跌13%至49億港元,與市場預期一致。報吿下調港交所目標價,由270港元降至260港元,評級“中性”。瑞銀預測,港交所2024財年全年純利及收入將錄得116億港元及207億港元,按年分別跌3%及升1%,主要是因為受免税的投資收益淨額下跌及較高税率影響。因為市值縮減(按年跌19%),2024年首季日均交投量按年跌22%至990億港元,按季則升9%,原因年化轉手率上升,錄得81%(2023年第四季為71%)。3月的日均交投量按月上升24%至1,110億港元(其在2月錄得900億港元,為2020年來第二低),是因為投資者對估值不高及強勁盈利增長的個股信心改善。該行預期,短期內日均交投量仍應會受到高息環境、內地及香港疲弱的大環境及地緣政治風險所影響。
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