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Nomura drops HKEX target price to $507.5; rated neutral

Nomura drops HKEX target price to $507.5; rated neutral

野村證券將港交所目標價下調至507.5美元；評級為中性
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.

$港交所(00388.HK)$野村證券(Nomura)報告稱，其核心業務在第三季度繼續強勁增長，同比增長10.5%，與預期一致。ADT同比增長43.4%，而DW和CBBC上市數量的增加同樣推動上市相關費用同比增長12.6%。然而，該經紀商表示，受投資收入同比下降76%的影響，港交所在此期間的整體收入仍持平。野村證券(Nomura)預計，港交所將繼續受益於滬港通計劃潛在的強勁收入貢獻。經紀商將港交所目標價下調0.8%至507.5美元，評級為中性。

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