You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大摩:維持匯控(0005.HK)“減持”評級 目標價52港元
格隆匯 02-18 16:43
摩根士丹利發表報告表示,匯豐控股(0005.HK) 去年第四季經調整除税前盈利高於市場原預期11%,普通股權一級比率達到14.7%,集團同時計劃至2022年削減風險加權資產總值超過1,000億美元,該行指匯控上季盈利高於該行及市場預期,相信會對股價有正面影響。季內錄得虧損39億美元,主要是要進行商譽減值73億美元。
該行估計,匯控長遠資產增長將會放慢、料其2020年及2021年淨息差會持續疲弱(特別是香港業務),但相信其推行策略對股價是關鍵因素,相信匯控可借重組對資本進行部署,可為其未來帶來增長機會,料市場會關注集團對淨收益的執行能力,並預期匯控透過減省成本達到策略目標的方法是可達的。
大摩維持對匯控“ 減持 ”投資評級及目標價52港元,料其要在有形股本回報率的進展上取得進展會面臨挑戰,特別是香港市場呈較低迴報,從而拖低集團整體回報。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account