瑞银下调中信证券(6030.HK)目标价至16港元评级“中性”
瑞银发表报告指,中信证券(6030.HK)
上半年纯利按年升16%至64亿元人民币,当中第二季纯利按年及按季跌24%及49%,该行相信主因与季内投资收益疲弱,佣金率上升以及投行手续费有关。
该行补充,长线而言,中信证券是中国市场开放、机构投资业务及资产管理的商机增加的主要受惠者,但由于目前宏观经济及市场的不明朗因素,该行下调其2019至2021年盈利预测1%王4%,目标价相应由17.6港元降至16港元,维持“
中性
”评级,相较同业有10%至20%估值溢价。
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