花旗:下調匯控控股盈測以反映較低利率 降英磅目標價
美國聯儲局出乎預期突然宣佈減息半釐,是2008年金融海嘯以來,首次在議息會議前緊急減息。
花旗發表研究報告指,為反映較低的利率,該行將匯豐控股(0005.HK)今年的每股盈利預測下調4%,而2021年和2022年的每股盈利預測亦分別下調5%和4%。同時,該行將匯控目標價由5英鎊降低至4.7英鎊,維持“沽售”評級。
花旗表示,匯控對息口走勢敏感,假設美國及英國息率調低25點子,即集團的淨利息收入將下跌約11億美元。
香港方面,該行指在美國聯儲局減息半釐,以及預期明年將再減息的情況下,花旗下調恆生(0011.HK)、大新銀行(2356.HK)的評級至“沽售”,並將中銀香港(2388.HK)評級降至“中性”。當所有貨幣利率下調25點子,香港銀行今年的盈利將減少1%至10%。
該行又指,香港銀行的貸款去年下半年保持彈性增長,但在宏觀憂慮情緒下,長期的貸款增長可能會受壓。
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