大行評級|瑞銀:上調港交所目標價至351.8港元 結算費用結構改革提升市場活力
瑞銀髮表研究報告指,港交所上週五(21日)公佈優化股份交收費結構,相信在新收費結構下,2019年至2024年間約77%市場交易將支付較低費用。在收窄股票買賣價差後,或會促成更多成交金額較小的交易,從而令投資者受益於新費用結構。該行料對港交所的短期收入影響有限,指新費用結構旨在確保市場整體開支不會因而增加,平衡所有交易規模的費用成本。
該行指,除了上市公司2024財年盈利外,投資者對股市的關注將在三月兩會公佈的政策支持,以及在額外關稅分階段推出下更多有關中美貿易摩擦的訊號。該行指,考慮到首季至今的市場活動以及其最新的美國減息觀點,上調今明兩年的日均成交額至1470億港元及1490億港元,以及每股盈利預測13%及8%至10港元和9.9港元,目標價由306港元升至351.8港元,評級“中性”。
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