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中金恒生(0011.HK)业绩略胜预期升目标价6%至185港元
格隆汇 08-06 13:58

中金发表研究报告指出,恒生银行(0011.HK)上半年收入和纯利增长略超预期,轻微上调其目标价6%至185港元。

报告指出,恒生上半年收入超一致预期两个百分点,主要受非利息收入驱动,而纯利增长亦超预期5个百分点,预计投资者会继续将恒生视作核心港股持股,因考虑该行派息稳健和较长期的资产质量追踪记录。

中金考虑到恒生较高的资本充足率,预计该行将保持强劲派息率,而受惠于强劲的资本水平和高端客户基础,预计恒生和中银香港(2388.HK)等大型银行将可逐步从小型银行手中抢的更多本地市占率,惟一旦出现宏观经济波动或者本地地产市场调整,恒生偏高的估值将很难提供缓冲。

恒生昨天公布截至今年6月30日之中期业绩,股东应占溢利为136.56亿港元,按年升8%;每股盈利为6.98港元,按年升5%;董事会宣布派第二次中期息1.4港元,合共上半年派2.8港元,去年同期上半年派2.6港元。

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