《大行报告》高盛料英伦央行最快本月11日批准汇控(00005.HK)及渣打(02888.HK)恢复派息 轻微上调目标价
高盛发表研究报告,相信英伦银行可能会批准汇控(00005.HK)及渣打(02888.HK)最早於12月11日恢复派息。该行预期初时金额不多,汇控第四季为0.1美元,渣打下半年为0.15美元。其後随着盈利及宏观环境改善,预期2021及2022年,汇控派息会改善至0.3美元与0.4美元,而渣打改善至0.25美元与0.33美元。另外,该行预期在明年起亦会开始回购计划。由於两家银行的资本过剩,因此料在2021及2022年期间,汇控的总回购额分别为10亿美元及35亿美元,渣打则每年回购10亿美元。
虽然汇控及渣打的股价自9月25日低位反弹约50%,但该行仍继续维持它们「买入」投资评级,认为英伦银行的决定会是正面的催化剂,股息及资本回报率再次成为两家银行值得投资的主题,将汇控目标价由51美元上调至52美元;渣打目标价由54美元上调至55元。
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