证券交易所

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大行评级|摩根大通:上调港交所目标价至500港元 评级升至“增持”
Ge Long Hui· 2025-08-20 05:41
摩根大通发表研究报告指,港交所的日均交易量持续在高位横行,相信是受到资金流动、南向通、IPO 及A股市场改善等影响。基于更高的日均交易量预测,该行预计2025至27财年分别达2350亿、2500亿及 2520亿元,每股盈测相应上调5%至16%。摩通表示,市场对港交所中期前景的可见性通常会导致PE倍 数的重估,目标价由400港元上调至500港元,评级由"中性"升至"增持"。 ...
香港交易所将于9月16日派发中期股息每股6港元
Zhi Tong Cai Jing· 2025-08-20 04:54
香港交易所(00388)发布公告,该公司将于2025年9月16日派发中期股息每股6港元。 ...
香港交易所(00388)将于9月16日派发中期股息每股6港元
智通财经网· 2025-08-20 04:49
智通财经APP讯,香港交易所(00388)发布公告,该公司将于2025年9月16日派发中期股息每股6港元。 ...
香港交易所(00388)发布中期业绩 股东应占溢利85.19亿港元 同比增加39% 上半年收入及溢利均创历史新高
智通财经网· 2025-08-20 04:34
Group 1: Financial Performance - Hong Kong Exchanges and Clearing Limited reported a revenue and other income of HKD 14.076 billion for the first half of 2025, representing a year-on-year increase of 33% [1] - The profit attributable to shareholders reached HKD 8.519 billion, up 39% year-on-year, with basic earnings per share at HKD 6.74 [1] - In Q2 2025, revenue and other income amounted to HKD 7.219 billion, a 33% increase compared to Q2 2024, while profit attributable to shareholders rose 41% to HKD 4.442 billion [1][3] Group 2: Market Activity - The average daily turnover in the cash market reached HKD 240.2 billion in the first half of 2025, more than double that of the first half of 2024 [2] - The average daily contract volume in the derivatives market increased by 11% year-on-year to 1.7 million contracts [2] - The fundraising amount in the Hong Kong IPO market surged to over eight times that of the first half of 2024, reclaiming the top position globally [2] Group 3: Operational Insights - Operating expenses increased by 6% compared to the first half of 2024, primarily due to non-recurring fines and legal fees related to the 2022 nickel market incident [3] - In Q2 2025, the average daily turnover in the cash market continued its strong momentum, achieving a record of HKD 237.7 billion [3] - The company plans to implement several strategic initiatives in the second half of 2025 to enhance market competitiveness, including shortening the settlement cycle and expanding paperless listing mechanisms [4]
香港交易所发布中期业绩 股东应占溢利85.19亿港元 同比增加39% 上半年收入及溢利均创历史新高
Zhi Tong Cai Jing· 2025-08-20 04:32
香港交易所(00388)发布2025年中期业绩,该集团期内取得收入及其他收益140.76亿港元,同比增加 33%;股东应占溢利85.19亿港元,同比增加39%;基本每股盈利6.74港元。 2025年第二季收入及其他收益为72.19亿港元,较2024年第二季上升33%;股东应占溢利为44.42亿港元, 较2024年第二季上升41%;基本每股盈利3.51港元。主要业务收入较2024年第二季上升32%,源于现货市 场成交量上升使交易及结算费增加,以及保证金金额增加使投资收益净额增加。 在成交量创新高纪录的带动下,2025年上半年收入及其他收益达141亿港元创历来半年度新高,较2024 年上半年上升33%,反映成交量上升令交易及结算费增加,存管费用增加,以及保证金规模增加令投资 收益净额上升。营运支出较2024年上半年上升6%,主要是两个与2022年镍市场事件相关的项目所致, 一是2025年上半年向FCA支付了非经常性的罚款,二是事件涉及的法律费用收回于2024年上半年确认入 账。 2025年第二季,现货市场标题平均每日成交金额延续2025年第一季创新高的强劲势头,取得历季第二高 纪录2377亿港元。收入及其他收益刷 ...
香港交易所:第二季度收入及其他收益72.2亿港元,超预估
Ge Long Hui A P P· 2025-08-20 04:20
Core Insights - The Hong Kong Stock Exchange reported a total revenue and other income of HKD 14.08 billion for the first half of the year, with a net profit of HKD 8.52 billion [1] - In the second quarter, the revenue and other income reached HKD 7.22 billion, surpassing the estimated HKD 6.9 billion [1] - The second quarter EBITDA was HKD 5.69 billion, exceeding the forecast of HKD 5.32 billion [1]
摩根大通将港交所评级上调至增持
Jin Rong Jie· 2025-08-20 00:55
本文源自:金融界AI电报 摩根大通将香港交易所的评级从中性上调至增持,因为市场预期随着资金持续流入香港市场交易量将增 加。 ...
“国际”的香港在繁荣,“本土”的香港在衰退
Hu Xiu· 2025-08-19 12:12
Group 1 - The core point of the article highlights the stark contrast between the thriving financial sector in Hong Kong and the struggling local service industries, particularly the restaurant sector, which is experiencing a significant number of closures [11][12][16]. - In the first half of this year, nearly 300 shops in Hong Kong closed, with 70% being restaurants, indicating a severe downturn in the local dining scene [3][5]. - The vacancy rate in key commercial areas such as Central, Tsim Sha Tsui, Mong Kok, and Causeway Bay reached 12.1% in the first quarter, the highest in nearly four and a half years, surpassing even the rates during the pandemic [4][11]. Group 2 - Despite the struggles in the local service sector, the Hong Kong stock market has seen a surge in IPO activity, with 52 companies listed by July 25, raising a total of HKD 127.36 billion (approximately USD 16.27 billion), marking a new high since 2021 [7][10]. - The article notes that the retail sales in Hong Kong have been declining year-on-year for 14 consecutive months until stabilizing in May this year, contrasting with the rising Hang Seng Index, which reached a three-year high on August 14 [11][12]. - The article discusses the "High-end Talent Pass Scheme," which aims to attract talent to Hong Kong, but notes that only half of the applicants choose to renew their visas after two years, indicating challenges in retaining talent due to local living conditions [25][28].
香港金管局:敦促各认可机构为香港股票现货市场转向T+1结算作好准备
智通财经网· 2025-08-19 03:02
Core Viewpoint - The Hong Kong Stock Exchange (HKEX) is initiating discussions to shorten the settlement cycle for the stock market to T+1, aiming to enhance market efficiency and align with international standards [1][2] Group 1: HKEX's Proposal - HKEX released a discussion paper on July 16 regarding the shortening of the settlement cycle to T+1, seeking consensus with industry participants [1] - The transition to T+1 is expected to improve market efficiency and reduce systemic risk, while also aligning Hong Kong's market with other international markets [2] Group 2: Role of Regulatory Bodies - The Hong Kong Monetary Authority (HKMA) emphasized the crucial role of banks in facilitating the transition to T+1 and has urged recognized institutions to prepare for the change [1] - Recognized institutions have indicated their readiness based on experiences from markets that have already implemented T+1 or T+0 settlement cycles [1] Group 3: Preparations and Considerations - Recognized institutions are advised to consider the impact of accelerated settlement on their operations, liquidity, and service to clients, particularly international investors [1] - Sufficient resources should be allocated to enhance operations, systems, and infrastructure in preparation for the shorter settlement cycle [1] - The HKMA will continue to monitor market developments and provide further guidance to support the transition to T+1 when appropriate [1]
普华永道:大湾区推动香港地区IPO市场繁荣发展
Sou Hu Cai Jing· 2025-08-18 07:48
大湾区企业可借力香港平台 在全球竞争日益激烈的情况下,大湾区企业可借助香港市场的平台,扩展其影响力。香港市场资金充裕,为企业 上市及集资提供有利条件。随着资金持续流入,香港地区IPO市场展现出明显的增长趋势,有利香港作为不同企 业拓展业务与筹集资金的重要平台。 可以预见,未来的IPO市场充满机遇。随着政策支持和流动性充足,预计今年的募资潮将创下近4年来的新高。普 华永道期待更多新股登场,市场焦点包括信息科技及电信服务、医疗和医药、以及零售、消费品及服务相关的行 业板块。 香港地区IPO市场在今年上半年显著回暖,集资总额达1,071亿港元,较去年同期上升7倍,跃居全球首位,为近10 年来同期第2高,并已超越2024年全年集资额。这一成就的背后,大湾区企业显然是不可忽视的推动力。作为中国 创新和发展的重要引擎,大湾区凭借其强大的经济活力和多元化产业结构,在巩固香港地区成为全球金融枢纽的 过程中扮演着重要角色。 双向互动新格局 今年上半年共有44家企业在香港地区上市,其中6家来自大湾区。超过20%的A1申请来自大湾区,这些申请者涵 盖了信息科技、工业、医疗保健、零售和消费等行业,亦有潜在的18C和18A申请者。这些 ...