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匯豐:降東亞銀行(0023.HK)目標價至18.6港元 維持“持有”評級
格隆匯 11-11 16:25

匯豐發佈報告稱,東亞銀行(00023.HK)目依賴定期存款,但行業的貸存比例不斷上升,存款競爭一直很激烈,該行的資金成本壓力可能很大。貸款需求應隨著宏觀不確定性以及跨境貿易減少而放緩,預計東亞將適度降低在香港的風險承受能力,並且貸款增長和貸款收益率均可能面臨壓力。

該行又稱,今年上半年,內地網點數量比高峯期下降23%,員工人數下降了39%。同時,內地分部的盈利能力一直低於集團平均水平。 在上半年商業房地產減值的背景下,降低信貸風險一直持續,但無法確定東亞中國的明顯競爭優勢。

該行表示,將東亞銀行(00023.HK)目標價降36%,由原來29.3港元調低至18.6港元,維持“持有”評級。

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