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大和:升郵儲銀行(1658.HK)至“跑贏大市”評級 目標價5.3港元
格隆匯 10-31 11:34

大和發佈報告稱,中國郵儲銀行(01658.HK)第三季淨收益同比上升19.2%,首三季多賺16.2%,主要受惠信貸成本及有效税率減少,不良貸款比率同比上升1個基點至0.83%。

該行稱,郵儲行啟動A股,目標是在11月中進行,但以過往經驗,可能延遲多3周,即有機會12月初進行,預計股本回報率將加強,本次集資不超過285億元人幣,如果行使超額配股權,預計會增至327億元人民幣,該行計入285億元人民幣集資額在估值,該行又稱,也提高2019年至2021年度一核資本充足比率預測,現估計會在2019年至2021年升至12.5%至13.1%水平,也因為股東回報率維持。

該行表示,上調其評級及目標價,目標價由4.5港元升至5.3港元,評級由“持有”升至“跑贏大市”。

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