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大和:料交通銀行(3328.HK)次季淨息差按季平穩 維持持有評級
格隆匯 06-09 13:10

大和發表研究報告指,儘管交通銀行(3328.HK)的不良貸款率及淨息差可能按季表現穩定,但撥備壓力仍然很大,該行仍擔心其中期盈利能力。該行維持交通銀行目標價5.3港元,以及持有評級。

大和表示,受惠於今年首季對具風險的企業客户不良貸款預先識別,令第二季的不良貸款率按季保持穩定,預料從下半年開始,信用卡貸款的資產質素將見改善。管理層指未來的撥備覆蓋率都將受到限制,反映中期的信貸成本壓力仍然很高。

該行又指,交通銀行管理層表示其資產收益率保持穩定,而4月及5月的負債成本則較首季下降,主要由於貸款組合的改善,以及高成本存款的控制。大和預計,交通銀行今年第二季的淨息差將按季保持平穩,但下半年將持續收縮。

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