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.
高盛:降東亞銀行(0023.HK)目標價至14.5港元 評級中性
格隆匯 08-21 16:07

高盛發表研究報告指,東亞銀行(0023.HK)上半年的每股盈利較該行預期低13%,主要由於信貸成本高於預期。由於收入的疲弱很大程度上被好過預期的成本控制所抵銷,撥備前利潤(PPOP)符合預期。高盛下調東亞銀行目標價,由原來的14.8港元降至14.5港元,評級維持中性。

高盛表示,東亞銀行上半年淨息差表現疲弱,隨著香港銀行同業拆息下跌,香港的淨息差在第二季的跌勢加劇,次季香港業務淨息差按季下跌28基點。該行認為,銀行香港業務的淨息差下半年的表現將會較上半年差,預料東亞銀行明年底的淨息差將處於約1.5%的水平,較原先估計低約10個基點。

該行又指,將東亞銀行今、明兩年的每股盈利預測分別下調7%,而2022年的每股盈利亦稍微降低1%,以反映PPOP較低和信貸成本較高的情況。該行又指,集團正進行重組檢討,如果未來有任何潛在行動,或會帶來收益上行空間。

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