《大行報告》中金料內銀股淨息差預期改善 可迎上漲行情
中金發表報告指,人行發布今年第三季貨幣政策執行報告,第三季度新投放貸款利率表按季企穩回升。該行認為,淨息差預期開始樂觀,重申「業績反轉,而非反彈」的行業判斷。
向前看一至五個季度,中金預計上市銀行業績逐步改善,銀行股將迎來一輪類似2016至2018年大幅度上漲行情,料A/H股上漲空間最大,緊接為H股,最後是A股。
其中,該行稱啤打(Beta)品種為報表和估值修復邏輯推動的工行(01398.HK)(601398.SH)A/H股、建行(00939.HK)(601939.SH))A/H股、郵儲銀行(01658.HK)(601658.SH)A/H股、興業銀行(601166.SH)A股、光大銀行(06818.HK)(601818.SH)A/H股。阿爾發(Alpha)品種則為中長期關注理財、信用卡、投行、財富管理等非息業務布局領先、積極推進科技賦能的招行(03968.HK)(600036.SH)A/H股、平安銀行(000001.SZ)A股及寧波銀行(002142.SZ)A股。
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