《大行報告》匯豐研究調整內銀股目標價 行業喜愛建行(00939.HK)工行(01398.HK)
匯豐研究發表研報,調整對內銀股的目標價及未來每股盈利預測,指出在當前的宏觀環境下,預計市場將更看重銀行的資產質量、淨資產收益率和資本情況。
該行調整銀行股今明兩年的每股盈利預測,介乎下調10%至上調13%,以反映各行不同的淨息差、資產增長及信貸成本,其中看好建設銀行(00939.HK)及工商銀行(01398.HK),均予「買入」評級,認為其擁有現穩定的股息及資產負債表,上調建行今、明兩年每股盈利預測0.4%及1%,目標價由8.3元降至8.1元;上調工行今、明兩年每股盈測1.2%及0.7%,目標價則由7.3元降至6.9元。
匯豐研究認為,中國銀行業貸款基礎利率(LPR)下調,各行亦將致力降低風險,加上消費者貸款需求減少,將削減今年度淨息差。
眾多內銀股中,匯豐研究只有上調招商銀行(03968.HK)目標價至42.3元,予「持有」評級,其餘普遍下調2.4%至14.9%。該行給予中國銀行(03988.HK)獲「買入」評級,目標價由4.7元降至4元;農業銀行(01288.HK)獲「買入」評級,目標價3.9元;交通銀行(03328.HK)獲「買入」評級,目標價6.4元。
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