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《大行報告》花旗恆生(00011.HK)中期純利優預期但淨利息收入及淨息差遜預期
阿思達克 08-05 11:51

花旗發表報告表示,恆生銀行(00011.HK)今年上半年錄股東應得溢利136.56億元(按年升8%及按半年升23%),略優於市場預期,主要受到收入所推動,特別是非利息收入部份,其中保險業務表現強勁,相關收入按年增長達到37%。

該行指,恆生派每股中期息2.8元,此符合該行預期,較2018年上半年每股2.6元為高。但該行亦指,恆生今年上半年淨利息收入僅158.53億元,按半年持平(按年則升11%),遜市場預期2%,其淨息差2.21%,按半年收窄5個基點,較該行原預期低8個基點。

花旗認為,雖然恆生上半年股東應得溢利略優於市場預期,主要受保險業務受到有利的投資環境所推動,但料市場再上調對恆生預測空間有限。該行維持對恆生「中性」投資評級及目標價195元。

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