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》中金:內銀首季利潤略超預期 建行、平安及光大銀行業績高預測
阿思達克 04-29 15:46
中金發表報告表示,截止昨晚內地10家全國性商業銀行已公布首季度業績,包括5家國有商業銀行(工農建交郵)和5家股份制銀行(浦發、興業、中信、光大、平安)。上述已公布業績的全國性銀行營收按年平均增幅為7.6%,利潤則按年增長5.2%。總體看,銀行資產負債表的擴張抵消了息差環比小幅下行的負面影響,資產質量未出現大幅波動,業務穩定性好於預期,淨利潤也略超預期。

從產負債表方面,該行指內銀貸款、存款、總資產在首季度增長5.2%、6.1%、5.9%。在逆周期宏觀和財政政策不斷出台情況下,預計未來數月銀行信貸增速依然會快於去年同期。光大(06818.HK)和建行(00939.HK)存貸款均較快增長,存款增17%及7.3%,貸款增6.7%及6.4%。

中金指,內銀行業首季度息差為2.07%,按季僅收窄4個基點。該行觀察到內銀資產收益率和負債成本正同時下降;考慮到近期政策和市場利率不斷走低,該行預計內銀息差在第二季度將持續下行。手續費平均增長5.8%,其中興業銀行(601166.SH)、浦發銀行(600000.SH)增速為27.8%和17.3%;而中信銀行(00998.HK)手續費同比下降6.7%。經營費用同比下降4.8%,成本收入比降至23.1%較低水平。

該行指,建行、平安銀行(000001.SZ)及光大業績超預期;郵儲銀行(01658.HK)、交行(03328.HK)及浦發弱於預期。建行的貸款和營收增速在大行中領先;平安銀行的高息差助其營收和利潤高增長;光大存款增速遠超預期。郵儲一季度貸款增速低於預期,因此息差未能維持,利潤增速雖快於同業但未達到市場預期的雙位數增長;交行利潤增速已低於四大行,且資產報酬率(ROA)水平處於可比同業低位;浦發不良依然存壓,覆蓋率水平低於150%,可比同業最低。

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