高盛:匯控首季税前盈利遜預期 信貸費用高於預期
高盛發表研究報告指,匯控(0005.HK)今年首季的基本税前盈利,分別較該行及市場預期低17%及30%,當中信貸費用高於預期。該行予其買入投資評級,目標價62港元。
高盛表示,匯控首季信貸成本由去年末季的29個基點,上升至117個基點,高於預期;收入按年下跌6%;營運開支按年下跌3%,較預期可支配支出低。
報告又指,匯控首季普通股權一級資本比率達到14.6%,當中已計及取消2019年第四次股息的影響,但按季仍跌10個基點,因風險加權資產增長較大。管理層預計2020年度RWA錄得中至高單位數增長。

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