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《大行報告》大摩:設北京證交所助優質中小企 作滬深交易所樞紐 料利好券商股
就國家主席習近平表示支持設立北京證券交易所,續支持中小企業創新發展,深化新三板(全國中小企業股份轉讓系統(NEEQ))改革,摩根士丹利發表報告爲,內地設立北京交易所的定位是支持中小型公司,亦是這些公司中最好的公司可以在上海和深圳交易所上市的樞紐,資本市場改革又向前邁進了一步,相信消息可支持中資券商股短期持續上升。 該行指,北京交易所的定位是支持中小型企業,並作爲多層次資本市場體系的樞紐,指內地新三板分爲三個層次,即基礎、創新和精選,指北京交易所將承擔挑選層的角色,聚集最優質的中小型公司,這些公司以後可以在不需要IPO的情況下在上海和深圳交易所轉板上市。 大摩認爲,中資券商股近期的上漲,因A股在本季度以來的46個交易日中,有41個日均成交額超過 1萬億人民幣,這預示券商股的第三季度業績表現良好;第二是一些投資者將資金頭寸轉向更便宜的券商股;第三是流動性向好;第四是在資產/財富管理主題下,廣發證券(01776.HK)等一些經紀商的敞口相對較大。該行認爲中資券商股短期因素基本良好,並看好中金(03908.HK)、中信證券(06030.HK)和廣發證券,各予目標價26.5港元、24.26港元及13.3港元。
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