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《大行报告》花旗恒生(00011.HK)中期纯利优预期但净利息收入及净息差逊预期
阿思达克 08-05 11:51

花旗发表报告表示,恒生银行(00011.HK)今年上半年录股东应得溢利136.56亿元(按年升8%及按半年升23%),略优於市场预期,主要受到收入所推动,特别是非利息收入部份,其中保险业务表现强劲,相关收入按年增长达到37%。

该行指,恒生派每股中期息2.8元,此符合该行预期,较2018年上半年每股2.6元为高。但该行亦指,恒生今年上半年净利息收入仅158.53亿元,按半年持平(按年则升11%),逊市场预期2%,其净息差2.21%,按半年收窄5个基点,较该行原预期低8个基点。

花旗认为,虽然恒生上半年股东应得溢利略优於市场预期,主要受保险业务受到有利的投资环境所推动,但料市场再上调对恒生预测空间有限。该行维持对恒生「中性」投资评级及目标价195元。

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