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汇丰研究:内银中期业绩胜预期 吁买入建行(0939.HK)等
格隆汇 09-03 15:26
汇丰研究报告指内银上半年表现胜预期,成本效益和资产质量都见改善,惟净息差仍然受压及第二季存款增长减慢。报告指内银股中建设银行(0939.HK) 、中国光大银行(6818.HK) 、工商银行(1398.HK) 中期业绩较为正面,皆给予“ 买入 ”评级。
在该行覆盖的内银股其上半年整体纯利按年升6.7%,相当于全年盈测的52%-61%,整体账面值环比升4.5%。整体而言业绩中属正面的包括手续费及其他收入、成本效益及资产质量;负面的为净利息收入、资本比率。另外,资产负债表及流动性覆盖比率则表现参差。
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