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Nomura drops HKEX target price to $507.5; rated neutral

Nomura drops HKEX target price to $507.5; rated neutral

野村证券将港交所目标价下调至507.5美元；评级为中性
AAStocks ·  2021/10/27 22:00

$HKEX(00388.HK)$ continued to post robust revenue growth in its core businesses over 3Q, up 10.5% YoY, in line with the estimate, reported Nomura. The ADT stretched 43.4% YoY while the increased listings of DW and CBBC likewise boosted the listing-related fees to grow by 12.6% YoY.

However, the broker stated that, dented by the YoY decline of 76% in investment income, the overall revenue of HKEX remained flattish YoY over the period. Nomura predicted that HKEX will continue to benefit from the potentially strong revenue contribution from the stock connect schemes. The broker cut the target price of HKEX by 0.8% to $507.5, with a Neutral rating.

$港交所(00388.HK)$野村证券(Nomura)报告称，其核心业务在第三季度继续强劲增长，同比增长10.5%，与预期一致。ADT同比增长43.4%，而DW和CBBC上市数量的增加同样推动上市相关费用同比增长12.6%。然而，该经纪商表示，受投资收入同比下降76%的影响，港交所在此期间的整体收入仍持平。野村证券(Nomura)预计，港交所将继续受益于沪港通计划潜在的强劲收入贡献。经纪商将港交所目标价下调0.8%至507.5美元，评级为中性。

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