《大行報告》匯豐研究下調港交所(00388.HK)目標價至352元 反映較低日均成交預測
匯豐研究發表研報指,港交所(00388.HK)上周公布第三季業績,每股純利按年增長30.5%,主要由於來自衍生產品和投資收益等多元化收入改善,形容期內經營環境艱難,但交易所表現仍勝預期。
報告又指出,雖然年內市場維持疲軟,但截至上半年港交所的股價表現基本持平,跑贏恆指、國指及滬深300指數同期表現,憧憬《施政報告》或推出包括削減印花稅等改善市場結構的支持措施。
匯豐研究又指,截至上周三(18日),港交所的有效IPO申請仍有112宗,因此預期今年餘下時間新股上市活動會較前幾季增多,可為第四季帶來支持。
但該行仍預期股票現貨市場成交金額會維持較疲軟,指出截至10月至今的日均成交金額已跌至約700億元,較第三季的975億元進一步下降,因此相應亦將2023及2025年盈利預測分別下調1.9%及1%,反映較低日均成交預測,但投資收益預測獲上調,目標價相應由370元降至352元,維持「買入」評級。
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