《大行報告》摩通:四大內銀次季總體業績令人失望 中行(03988.HK)表現最佳
摩根大通發表報告表示,四大內銀今年第二季純利按年下滑25%,大致符合預期,但無論如何,綜合總體業績令人失望,第二季撥備前利增長較首季放緩,手續費增長走弱及淨息差受壓;資產質素則好壞參半,四大內銀不良貸款比率持續上升,但拖欠貸款有所下滑。
該行指在四大內銀中,中國銀行(03988.HK)季績屬最佳,今年第二季若撇除一次性商品產品虧損因素後,季內撥備前利潤按年升10%。內地四大內銀第二季撥備前利潤按年升3%,較首季增幅6%有所收窄,主要受淨息差收窄影響(按年收窄5個基點及按季收窄10個基點)。
摩通指,中行第二季息差按季擴闊4個基點,表現在同業中穩固;但工行(01398.HK)次季淨息差按季收窄14個基點令人失望,建行(00939.HK)次季淨息差按季收窄10個基點、農行(01288.HK)按季可比計收窄1個基點。
該行表示,四大內銀資產質素則好壞參半,農行(01288.HK)不良率升3個基點、中行升2個基點、工行及建行按季升7個基點,而農行、建行及工行均進取地增加不良貸款撥備確認。
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