《大行》美銀證券升港交所(00388.HK)目標價至520元 料上半年純利升31%
美銀證券發表報告,預期港交所(00388.HK)上半年純利為80億元,較去年同期上升31%。第二季日均成交額料維持在2,380億元的高水平(去年同期為1,220億元),支持強勁的交易費收入和結算費收入。
報告指,港交所第二季唯一出現按季跌幅的可能是利息收入,受到HIBOR突然下滑的影響,但該影響被手續費收入的增長所抵銷。
另外,該行指,上半年港交所首次公開招股及非首次公開招股集資總額分別為1,070億港元及1,740億元,高於去年上半年的130億元及530億元。整體新股發行仍然十分暢旺,每日平均成交額在進入7月後進一步上升至2,480億元。
美銀證券維持港交所全年盈利不變,並對明年和後年盈利預測上調6%至7%。目標價由440元升至520元,相當於預測合併2025至2026年市盈率40倍。重申「買入」評級。
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