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《大行报告》瑞信上调招商证券(06099.HK)目标价至12.1元 评级「跑赢大市」
阿思达克 11-02 12:01
瑞信发表研究报告,指出招商证券(06099.HK)第三季盈利按年上升122%或按季增16%至29亿元人民币,分别较同业高出50%或低9%。首九个月盈利为73亿元人民币,接近市场对其2020财年的预期。强劲的按年增长主要是因为经纪佣金收入激增;投资收益稳健增长;以及净利息收入录强劲连续增长所致。

该行指,公司在7月及8月份发行A/H股後,其总资产按季增长13%。资产分配似乎进一步优化。该行将公司2020至2022年的纯利预测分别上调29%、33%及28%,以反映第三季盈利表现好过预期,以及在更强大资本基础上提高盈利能力。目标价由原来的9.5元上调至12.1元。维持「跑赢大市」投资评级。

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