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《大行报告》美银美林升海通证券(06837.HK)目标价至12元 评级「买入」
阿思达克 09-02 12:39

美银美林上调海通证券(06837.HK)目标价,由10.9元上调至12元,维持海通证券H股「买入」评级。该行上调对海通证券今年至2021年盈利9%至12%,基於上调海通证券投资收益预测。该行又认为,海通证券H股估值仅为0.6倍预测市账率,相信H股股价有更多潜在上升空间。

该行指,集团中期纯利按年升82%,是基於去年同期低基数。次季纯利按年跌53%,受市场於4月中高位回落。营业利润按年升62%,归因於交易获利,惟次季拨备增加对纯利增长造成负面影响。

美银美林认为,海通证券已从2017至2018年低谷回升,当年受海通银行拨备拖累。其投资银行收入在券商中排名第二,在利息收入亦领先大部分同业。

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