《業績前瞻》券商料渣打(02888.HK)中期稅前溢利跌近37% 關注信貸減值
渣打集團(02888.HK)將於本周四(30日)公布截至今年6月底止中期業績，市場料新冠疫情情會對亞洲市場帶來影響，期內市場弱勢及料貸款撥備將上升，本網綜合4間券商預測，料渣打集團今年上半年法定表現(Statutory)除稅前溢利料介乎11.11億至16.26億美元，較2019年同期24.14億美元，按年減少32.6%至54%，中位數為15.23億美元，按年跌36.9%。投資者將關注渣打管理層給予最新營運指引、收入與支出增長差距(JAWS)能否保持正數，但同時其信貸質量保持警惕。
綜合3間券商預測，渣打集團今年上半年基本表現(Underlying)經營收入料介乎77.92億至80.94億美元，按年增加1.2%至5.2%，中位數為78.05億美元，按年增加1.4%。
摩根士丹利預測渣打今年上半年法定表現除稅前溢利按年跌54%至11.11億美元，料中期基本表現經營收入預測為78.05億美元按年升1.4%。該行料渣打今年第二法定表現除稅前溢利2.25億美元按年跌近81%，主要受貸款撥備增加所影響(料次季貸款撥備8.2億美元，對比2019第二季為1.95億美元)，估計第二季基本表現經營收入按年跌10.4%至34.78億美元。
傑富瑞預計渣打上半年法定除稅前溢利按年跌32.6%至16.26億美元，料法定稅後純利11.25億美元按年跌24.8%，基本經營收入按年升5.2%至80.94億美元。該行表示，美聯儲低息政策及本港銀行同意拆息上升，將吸引資金流入香港並產生更多經濟機會，本港銀行淨息差亦從中受益。香港股市波動亦為銀行產生造市業務機會，同時中國經濟復甦對香港的利好不能忽略。
券商│今年上半年法定表現除稅前溢利│按年變幅
傑富瑞│16.26億美元│-32.6%
花旗│16.19億美元│-32.9%
摩根大通│14.26億美元│-40.9%
摩根士丹利│11.11億美元│-54%
按渣打2019年上半年法定表現除稅前溢利24.14億美元計算
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綜合3間券商預測，渣打集團今年上半年基本表現經營收入料介乎77.92億至80.94億美元，按年增加1.2%至5.2%，中位數為78.05億美元，按年增加1.4%。
券商│今年上半年基本表現經營收入預測│按年變幅
傑富瑞│80.94億美元│+5.2%
摩根士丹利│78.05億美元│+1.4%
摩根大通│77.92億美元│+1.2%
按渣打2019年上半年基本表現經營收入76.96億美元計算
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