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.
大和:對工行(1398.HK)貸款存款定價能力感樂觀 削目標價至7港元
格隆匯 03-31 12:25

大和發表研究報告指,工商銀行(1398.HK)去年淨利潤按年增長5%,較預期低0.4個百分點,主要由於撥備前利潤在第四季零增長。該行將工行目標價下調2.78%,由原來的7.2港元降至7港元,評級維持“買入”。

大和表示,對工行在貸款及存款方面的強勁定價能力仍然持樂觀態度,並相信工行將繼續提供更具針對性的利率管理策略,以保持優於同業的淨息差。

該行又指,工行管理層認為,新型冠狀病毒肺炎疫情對近期資產質量的影響,主要集中於零售貸款,並估計下半年對公司貸款的影響會有滯後。不過大和強調,工行的資產質量及不良貸款的消化能力去年有顯著改善,預料今、明兩年的信貸成本將保持穩定。

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