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美銀美林:下調中國銀河(6881.HK)目標價至5港元 評級“跑輸大市”
格隆匯 10-29 11:16

美銀美林發表研究報告,指中國銀河(06881.HK)首三季純利升106%至39億元人民幣,主因去年低基數所致,純利於第三季升21%,因市場自7月起反彈,經營收入升90%,主因投資收入所帶動,其他業務仍見跌幅或緩慢增長。

該行指,公司收入組合未見重大改善,但行政費用升48%,高於同業,預期純利增長會於第四季維持強勁,因去年同期是較弱的季度。

該行升中國銀河今年盈利預期30%,以反映更好的交易收入,但降20年及21年盈利預期1-11%,以反映佣金收入降低,令股本回報減少至5.7%,重申“跑輸大市”評級,目標價由5.1港元下調2%至5港元。

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