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《大行报告》美银美林下调东亚(00023.HK)目标价至20元对内地信贷风险忧虑持续
阿思达克 06-14 12:21

就东亚银行(00023.HK)发盈警,预期至6月底止中期纯利录显着下降,主因受到内地贷款拨备损失所拖累,而有关信贷级别下调将导致约25亿元至30亿元之间的重大税後减值损失。美银美林发表报告表示,维持东亚银行「跑输大市」投资评级,下调对目标价由20.8元降至20元,此相当预测今年市账率0.6倍,因其在内地业务占比较高及股本回报率疲弱。

该行估计,东亚银行信贷成本会由2018年24个基点,至2019年会升至高於80个基点,料其至2020年至2021年信贷成本降至介乎40至45个基点,并下调对其今年盈利预测35%,降其2020年至2021年盈利预测介乎1至4%。

美银美林指,东亚去年旗下在内地贷款占比37%,而物业及投资贷款占相关贷款最大组成部份,令市场关注东亚中国信贷风险将会是市场持续忧虑。

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