智通财经APP获悉，摩根大通发布研报称，将香港交易所(00388)2025至2027财年每股盈利预测，分别下调7%、18%及18%，主要考虑到股票及衍生品交易量较弱，以及投资收入降低。小摩指，过去伴随市场急剧下跌的交易量激增并未出现持续，故预计未来2至3年将出现类似结果。另外，该行同样下调港交所的衍生品预测，2025财年下半年日均合约数约170万份，相对第一季度近190万份。该行将港交所目标价由380港元下调至340港元，给予“增持”评级。
小摩预期，在非常强劲的2025财年第一季后(日均交易超过2400亿)，港交所今年日均交易量将放缓至1500亿港元，并在2026及2027财年维持于1510亿及1630亿港元水平。与前一次贸易战期间(2018年第一季至2019年第三季)的高峰到低谷相比，日均交易下降约为700亿港元。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.