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.
《大行報告》摩通:匯控(00005.HK)取消派息令人意外 會拖累股價表現
阿思達克 04-01 14:40
就匯豐控股(00005.HK)公布基於英倫銀行要求,決定取消派2019年第四次股息(每股21美仙)、摩根大通發表告表示,留意到包括匯控、渣打(02888.HK)、萊斯銀行、巴克萊銀行等均有公布相近決定,而匯控亦指在2020年底前暫停派發所有普通股的季度或中期股息或應計款項,亦不會進行任何普通股的回購。

該行認為,匯控取消去年第四次股息,同時今年股息需審視新冠疫情的情況,基於此並非該行原先的基本情境預測,相信市場未完全消化取消派息的消息,料匯控今日股價會受取消派息拖累呈負面。

摩根大通表示,匯控去年底的普通股權一級比率14.7%,相信暫停派息對資本影響正面,但對股價影響負面,但由於取消派息令市場感到意外,按情境預測若計及取消第四次股息(每股21美仙)因素,料會令股價下跌4%,若進一步停派今年派息(51美元),料會觸發股價較該行目標價再跌7%,料匯控或有機會遭市場過度拋售。

該行表示,匯控管理層在長線發展策略正確,但基於美國利率前景、中美貿易爭議下,料集團收入增長將會承壓,維持對其「中性」投資評級及目標價60元,指現股價相當預測市賬率0.82倍、預測今年股本回報率7%,認為其上行空間有限。(wl/k)

~

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