《大行報告》摩通:內銀股近期調整因市場憂收緊房貸 指是機會收集招行(03968.HK)
摩根大通發表研究報告,指出中國內銀股的股價昨日(29日)調整2.4%,而大市跌0.9%,這可能是受到監管機構將新的抵押貸款及房地產貸款上限限制在新貸款總額的30%以下的消息所致。
在眾多銀行中,招商銀行(03968.HK)的調整幅度多過其他銀行,摩通相信這是買入招商銀行的機會。首先,它否應收到監管機構的相關具體指導。其次,相關消息在早前已有出現,早在去年8月份監管機構已就房地產相關貸款增長給予指導性意見。第三,即使招行確實對抵押貸款及房地產貸款套用相關上限,若全年貸款目標不變,對盈利的影響低於1%,但股價已調整6%。因此,該行認為最近的股價調整是買入機會。
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