《大行報告》美銀證券降渣打(02888.HK)目標價至51.25元 下調盈測
美銀證券發表的研究報告指,將渣打集團(02888.HK)每股盈測下調7-12%以反映收入下降,認為貿易未完全復甦,加上港息貼近低位,而美息仍然處於低位,加上最近花旗公布第三季業績後亞洲區收入亦現跌勢,估計渣打第三季稅前溢利為5億美元,而普通股權一級資本比率(CET1)水平將升至14.4%,但第四季則有機會降至13.8%,意味公司資本水平強勁,高於其CET1中位數目標13.5%。
該行認為渣打估值較低,加上今年信貸表現強勁,料可助降低其目標比率。該行將公司目標價降50便士至510便士,港股目標價則為51.25元,認為集團有額外資本,而且業務經營理想,只是在零息環境下仍未找到方式令回報可接近市場資金成本,認為隨著英倫銀行放寬措施,派息或成潛在的催化劑,重申「買入」評級。(el/k) ~
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.