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摩根士丹利:上調招商證券目標價至7.15港元 評級與大市同步
uSMART盈立智投 05-19 15:42

摩根士丹利發表報告指,將招商證券今年及明年經紀費用預測上調11%及6%,因考慮到今年次季股市平均每日成交金額(ADT)上升,及自2022年起私人基金客戶羣組擴大,集團市場份額提升。該行指,考慮到因去年受到疫情影響,新股公司上市程序受壓,今年首季開局疲軟,因此將今年投資銀行費用預測下調18%。同時,因受惠成本控制具成效,該行將公司今年及明年成本收入比率下調5.7個百分點及3.7個百分點。整體而言,該行將招商證券今年每股盈測上調約4%,明年則下調約2%,預料2025年利潤增長8%;將目標價由6.68港元上調至7.15港元,維持評級與大市同步。

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