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大行評級|摩根大通:下調港交所目標價至340港元 下調2025至27財年每股盈測
格隆匯 04-11 13:31

摩根大通發表研報指,將港交所2025至2027財年每股盈利預測,分別下調7%、18%及18%,主要考慮到股票及衍生品交易量較弱,以及投資收入降低。該行預期,在非常強勁的2025財年第一季後(日均交易超過2,400億港元),港交所今年日均交易量將放緩至1,500億港元,並在2026及2027財年維持於1,510億及1,630億港元水平。

摩通指,過去伴隨市場急劇下跌的交易量激增並未出現持續,故預計未來2至3年將出現類似結果。另外,該行同樣下調港交所的衍生品預測,2025財年下半年日均合約數約170萬份,相對第一季度近190萬份。該行將港交所目標價由380港元下調至340港元,給予“增持”評級。

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