《大行报告》大摩恒生银行(00011.HK)中期业绩略逊预期前景存挑战
摩根士丹利发表报告表示,恒生银行(00011.HK)今年上半年每股盈利录6.98元,低於该行原预期4%,指其净利息收入亦低於预期,净息差按半年收窄5个基点(该行原预期下跌1至2个基点)。期内,贷款增长强劲达5%,而存款放缓至3%。
该行指,基於利息前景正在转变,存款面临竞争加剧,相信恒生银行净息差前景正面临挑战;手续费收入强劲,而成本表现符预期。
大摩维持对恒生银行「与大市同步」投资评级及目标价210元,指其盈利能力较强,但料其未来将转弱。
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