傑富瑞:升匯控(0005.HK)評級至“買入” 料重組計劃可提升未來有形資產回報
傑富瑞發表報告上調匯控(0005.HK)
評級,自“
持有
”升級至“
買入
”,指匯控可透過業務重組造就三分之一風險加權資產回報,重組計劃覆蓋美國零售銀行業務、西方國家環球銀行及市場業務及企業中心業務,料西方國家環球銀行及市場業務成本可減少25%,企業中心業務之員工成本可減少50%。至2021年有形資產回報可提升逾230點子,至11.4%水平,屆時盈利水平預測亦有機會自現水平提升22%。傑富瑞對匯控目標價由691便士上調至790便士,摺合約80.1港元。
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