高盛:汇控首季税前盈利逊预期 信贷费用高于预期
高盛发表研究报告指,汇控(0005.HK)今年首季的基本税前盈利,分别较该行及市场预期低17%及30%,当中信贷费用高于预期。该行予其买入投资评级,目标价62港元。
高盛表示,汇控首季信贷成本由去年末季的29个基点,上升至117个基点,高于预期;收入按年下跌6%;营运开支按年下跌3%,较预期可支配支出低。
报告又指,汇控首季普通股权一级资本比率达到14.6%,当中已计及取消2019年第四次股息的影响,但按季仍跌10个基点,因风险加权资产增长较大。管理层预计2020年度RWA录得中至高单位数增长。

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