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一文了解券商於建行(00939.HK)公布業績後最新觀點、評級及目標價
阿思達克 03-30 11:39
建設銀行(00939.HK)今早股價靠穩,建行公布去年純利2,627.71億人民幣按年增長4.8%,符合本網早前綜合11間券商預期純利介乎2,618.64億元至2,714.07億人民幣預測(中位數為2,679.1億人民幣),每股收益1.05元人民幣。派每股末期息派32分,上年同期派30.6分。

建行去年經營收入6,780.01億人民幣增加7%。其中,利息淨收入5,106.8億人民幣增加5%;淨利差2.12%,淨利息收益率2.26%,分別下降6個及5個基點。手續費及佣金淨收入1,372.84億人民幣,增加11.6%。2019年止,不良貸款餘額2,124.73億人民幣,較年初增加115.92億人民幣;不良貸款率1.42%,下降0.04個百分點。撥備覆蓋率227.69%,上升19.32個百分點。

【核心經營強 資產續穩健】

摩根大通發表報告表示,建行去年純利按年升近5%,輕微低於該行原預期,主要是撥備較高所致,總體業績鞏固,資產質素維持穩定,重申對其「增持」投資評級及目標價8.2元。美銀證券指,建行業績符預期,屬該行在內銀股中的喜愛股份,予其「買入」投資評級及目標價6.92元

海通國際發表研究報告表示,將建行支出複合年增長率由5.5%降至4.4%,不過,其在嚴格成本控制和審慎風險管理保持不變,將建行長期股本回報比率從13%降低到12.75%,目標價由7.4港元下調至7.3港元,維持其投資評級「買入」。

本網最新綜合7間券商對其投資評級及目標價:

券商│投資評級│目標價(港元)

招銀國際│買入│9.1元

摩根士丹利│增持│9元

高盛│買入│8.35元

瑞銀│買入│8.3元

摩根大通│增持│8.2元

海通國際│買入│7.4–>7.3元

美銀證券│買入│6.29元

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券商│觀點

招銀國際│相信建行在宏觀經濟低迷下具有較強防禦能力

摩根士丹利│去年第四季核心經營呈健康勢頭

高盛│去年業績強勁,派息穩定

瑞銀│去年業績穩定,去年第四季收入增長穩健

摩根大通│資產質量穩定,撥備水平改善

海通國際│嚴格成本控制和審慎風險管理保持不變

美銀證券│ 資產質素穩健增長

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