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大行評級丨高盛:港交所購置總部物業可鞏固品牌形象 予目標價378港元
高盛發表研報指,港交所宣佈購入中環交易廣場物業用作永久總部,根據交易協議條款,預料港交所可有效地將其外部投資組合所獲的投資收益,轉化爲3%的資本化率,認爲將外部投資變現將有助降低投資收入的波動性。過去九年港交所外部投資組合每年產生約4%的投資收益率,相比之下,高盛預測2026至2027財年投資收益率將介乎5%至6%,目前該交易預料將對交易所稅前利潤產生約1.5%至2%的負面影響,或使投資收入減少約3.5億港元,但同時將節省約1.8億港元的租金。高盛相信,港交所購置總部物業有助於加強其作爲香港金融市場基礎設施重要組成部分,以及作爲連接東西方重要交易所的品牌形象,予目標價378港元,評級“買入”。
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