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中金:下調交行(3328.HK)A/H股目標價 均維持中性評級
格隆匯 08-31 15:27

中金公司發表研究報告指出,交通銀行(3328.HK)第二季業績符合預期,由於可能進一步加強不良貸款認定和撥備計提,因而上調其信貸成本、下調該行今明兩年純利預測,並將其A股/H股股票目標價下調11.1%至5.69元人民幣和4.1%至5.92港元,較當前股價分別有19.3%和41.6%的上行空間,A股和H股均維持中性評級。

中金下調交行2020/2021年淨利潤預測分別30.2%及34.6%,至546億及517億元人民幣。

另外,花旗報告指,交行整體業績表現較弱,預計股價會有負面表現,交行第二季度淨息差環比下行3個基點至1.52%,管理層預計下半年淨息差將繼續承壓,但貸款環比加速增長,財富管理業務擴張亦推動中間業務收入同比增5.6%等,仍予該行H股買入評級,目標價為5.67港元。

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