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美银美林下调恒生(0011.HK)目标价至166.6港元维持“跑输大市”评级
格隆汇 08-06 11:24

美银美林发表报告指,恒生(00011.HK)上半年业绩符合预期,核心盈利按年上升8%,且占该行全年盈利预测的52%,公司中期股息增至2.8元,与过去两个财年一样上调中期息。期内恒生净息差2.21%,按半年下跌6个点子,该行预期在减息、往来及储蓄户口存款组合下滑,以及贷款需求疲弱的环境下,未来净息差或进一步收窄。

该行下调恒生2019至2021年盈利预测2%至5%,以反映香港宏观经济不明朗因素,会增加其股本成本25个点子,目标价由181港元下调至166.6港元,维持“跑输大市”评级。

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