《大行報告》大摩:渣打(02888.HK)次季業績勝市場預期 受惠信貸成本下降
摩根士丹利發表報告表示,渣打集團(02888.HK)公布今年第二季基本除稅前溢利錄7.33億美元,指其第二季業績優於市場預期,收入按年下跌4%,此高於預期約5%,及受惠成本因素,渣打第二季撥備前經營利潤(PPoP)亦高於市場同業預期25%。
該行指,渣打集團今年第二季信貸成本環比回落,得益於較低減值撥備,讓市場驚喜,從而令其基本除稅前溢利高於市場預期。渣打至第二季的普通股權一級資本比率仍高企14.3%。大摩指,渣打管理層料今年下半年收入將較上半年及去年同期呈回落,此符合該行預期,而撥備支出前景仍存不明朗因素,但應低於上半年。
而大摩維持對渣打「與大市同步」評級及目標價46元。
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