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《大行報告》花旗:渣打(02888.HK)市賬率處廿年低 重申「 買入」評級 微降目標價至57元
阿思達克 04-20 11:49
花旗發表報告表示,新冠疫情衝擊渣打集團(02888.HK)旗下主要東亞市場,而本港市場早於去年下半年已開始下行趨勢,相信美國利率走向將令其淨息差存在壓力,但指該股今年以來股價累挫44%,市賬率僅0.36倍處近20年最低位,其資產負債表強勁及估值吸引。該行決定微降對其目標價由58.16元降至57元,維持「買入」評級。

該行指,下調對渣打今年每股盈利預測10%至65美仙,調低其明年每股盈利預測6%至80美仙,並削其今年除稅前盈利預測7%至35.5億美元,主要是提列呆帳準備增加20%至19億美元。

花旗估計渣打於2020年至2023年除稅前利潤各為35.48億美元(按年跌4.4%)、40.06億美元(按年升13%)、48.18億美元(按年升20%)及53.02億美元(按年升10%),料其2020年至2023年期內每股派付股息各為26.5美仙、32.5美仙、41.2美仙及46美仙。

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