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瑞银下调港交所(0388.HK)目标价至240港元评级“中性”
格隆汇 08-15 12:00

瑞银发表研究报告,指港交所(00388.HK)今年第二季盈利按年增长5%至26亿元,EBITDA利润率77%,均符合该行预期。维持“中性”投资评级,目标价由原来的260港元下调至240港元,认为其估值合理,潜在的新产品推出将被视为正面的催化剂。

考虑到衍生品市场在波动市场下的弹性,该行将2019至2021年的盈利预测下调8至9%。虽然启动MSCI A股离岸指数期货的条件已准备好,但获中证监批准的时间仍未明,公司仍看到下半年推出的可能性,但语调相比起之前不太确定。

瑞银认为,在市况存在不确定性时,港交所或会在营运开支上更有规律。

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