《大行報告》大摩:渣打(02888.HK)首季收入大致符預期 成本管控帶動撥備前利潤
大摩發表的研究報告指,渣打集團(02888.HK)首季債務價值調整前收入按年增4%,按季則升8%,表現大致符預期,而期內成本按年下跌2%、按季下跌9%,帶動撥備前利潤表現勝預期,而期內撥備水平9.56億美元則較市場預期高54%。
該行指出首季渣打收入表現較市場預期高12%,而債務價值調整前的收入則符預期,成本則較市場預期低4%。期內收入增長主要是受惠1-2月份金融市場、財富管理等的業務表現,期內淨息差收窄14個基點至1.52%,按季則收窄2個基點,渣打估計今年餘下時間仍會進一步受壓,而在成本管控上渣打料今年成本將少於100億美元,低於該行所預測的102.8億美元。
期內撥備接近10億美元,第一及第二階段減值增加3.88億美元,當中約一半按模擬情況計算,另一半來自管理層額外撥加,而第三階段減值增加4.9億美元,約50%來自兩項不同市場及行業的風險承擔,分別是商品交易及醫療健康行業。另外渣打在印度錄得商譽減值2.49億美元,主要因為GDP增長展望較低,首季有形股東權益基本回報率降低100個基點至8.6%,而資本水平維持強勁,普通股權一級資本比率為13.4%,風險加權資產總額按季增加3%。(el/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.