Market Brief

The articles are produced in Chinese only.


陳招富先生 (Anthony Chan)



Monday, September 23, 2019 Views1472


港交所錄得綜合收入及其他收益 85.78 億元,股東應佔溢利 52.05 億元,分別較 2018 年同期增加 5%及 3%。EBITDA 同比增長6%至66.25億港元,歸母淨利潤同比增長3%至52.1億港元,基本每股盈利4.16港元,每股中期股息3.71 港元。派息率為股東應佔溢利的 90%。


  • 市場交易量明顯下降

在中美貿易摩擦及環球經濟增長步伐放緩的背景下,2019 年上半年環球市場持續波動,以及近期香港社會動盪,繼續影響着市場方向。

2019年上半年香港證券市場平均每日成交金額979億元及衍生產 品市場期貨及期權交易平均每日成交合約張數1,180,169 張分別較去年同期下跌 23%及 4%。

2019 年首六個月首次公開招股活動集資總額達 718 億元,按年增長 39%,惟新上市申請宗數下跌 而撤回上市申請個案亦有所增加。LME 的收費交易金屬合約的平均每日成交量下跌 6%。


  • 滬深港通和債券通增長強勁

滬深港通的收入及其他收益為 5.08 億元,創半年度新高,當中 3.56 億元來自交易及結算活動。尤其北向交易的成交金額創半年度新高。


債券通方面,6月份平均每日成交金額人民幣 91 億元創單月新高,隨着市場參與者不斷增多,加上彭博巴克萊全球綜合指數於 2019年 4月起納入人民幣債券後,對買賣中國債券的需求有增無減,2019 年上半年平均每日成交金額較 2018 年上半年增加 94%。


筆者認為香港交易所是可長線持有的港股。入市方面, 建議先在218小注建倉, 然後守候股價回落至199.6元才主力建倉。








市盈率: 30.16

周息率: 3.002

52周低/高282.48/ 188.81







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