Market Brief

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陳招富先生 (Anthony Chan)
助理經理

現任職輝立助理經理,樂意與客戶研究買賣策略。歡迎各位來電交流心得
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香港交易所HKEX(00388.HK)

Monday, September 23, 2019 Views351

中期業績回顧

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。

 

 

 

 

 

基本數據:

市值2,848億

市盈率: 30.16

周息率: 3.002

52周低/高282.48/ 188.81

 

 

註:本人陳招富為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

 

 

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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