You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行报告》瑞信:内银估值已反映季度纯利录自2012年来最大跌幅 重申首选招行
阿思达克 08-11 14:22
瑞信发表研究报告,指出内地公布银行业上半年表现,净利润按年跌9.4%,意味第二季表现跌24%,是自2012年以来的最大跌幅。行业净资产收益率按年下跌2.7个百分点,资产报酬率下跌17个点子至0.83%。这主要是由於为了回应监管机构关於采取不良贷款敝口早期行动的呼吁,而导致银行在第二季提高拨备所致。期内,贷款损失准备金按年增长17%,不良贷款余额增长22%。因此,不良贷款覆盖率基本稳定在182%,拨贷比升至3.54%。

至於其他指标则大致稳定,不良贷款率微升3个基点。一级资本比率下跌41个基点至10.47%。净息差下跌1个基点至2.09%。

市场所关注的盈利增长情况已发生,而这已很大程度在股价上反映出来。其他指标整体保持稳定,甚至好过预期。因此,市场应该对消息反应中性,相信在8月底公布中期业绩时的焦点会转移至拨备前利润增长及收入的表现。招商银行(03968.HK)仍是其首选,因为资产质素稳健,及储备金缓冲表现健康。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account