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大摩:降中信股份(0267.HK)目標價至8.6港元 潛在催化劑不確定
格隆匯 05-27 10:24

大摩發表研究報告指,金融服務仍是中信股份(0267.HK)最大業務板塊,去年貢獻了69%的利潤,但中信銀行和中信信託亦面臨壓力,亦認為潛在催化劑時機存不確定性且集團戰略的可見度仍然很低,下調目標價由12.6港元至8.6港元。

大摩續指,儘管中信銀行在投資收益的推動下一季度業績表現強勁,但資產質量仍值得關注,而鑑於近期資金信託等監管收緊,估計今年信託業非標資產總額可能出現約2萬億元人民幣負增量。

大摩表示,鐵礦石價格強勁助力中澳鐵礦去年首次實現盈利,但由於中澳鐵礦和Minera logy公司之間的糾紛仍未解決,可能會進一步威脅中澳鐵礦運營的連續性。

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