大行評級|美銀:預計內地劵商股會繼續成為市場反彈的受惠者 行業首選中金及中國銀河
美銀證券研究報吿指,政治局會議今日(27日)進一步確認更多貨幣和財政政策刺激方案,以及更多支持股市的政策,料內地劵商股會繼續成為市場反彈的受惠者。該行預期劵商股在第三季起實現盈利按年增長,主要受到投行費用較低、股債投資有利交易收益以及成本控制措施。中金及中國銀河第三季的盈利基數較同業低,而中金截至今年上半年有高過同業的股票配置。該行期待內地券商基本面進一步上升,包括營業額恢復、交易收益以及市場反彈推動的潛在增量併購諮詢費收入、中國人民銀行透過掉期工具向股市注入流動性經紀人,以及放寬併購規則。
美銀上調中金2024-25年每股盈測11%及10%,目標價由9.5港元升至11.5港元,中國銀河每股盈測亦分別上調3%及2%,目標價由4.85港元升至5.54港元,該行料中金H股將從同業中最高的股權自營交易曝險以及最大的併購諮詢份額中受益。兩者評級均為“買入”,同時列為行業首選。
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.