《大行报告》大摩料港银股盈利复苏慢 全线调整目标价 降东亚(00023.HK)评级
摩根士丹利发表香港金融业今年展望报告表示,短期利率下降,意味着亚太区已发展地区银行拨备前利润呈疲弱复苏,但相信相关因素已大致在股价上大致反映,该行料港银股今年盈利呈缓慢复苏,维持对行业「减持」评级。
该行指,市场基於短期利率较低令净息差受压,对港银去年纯利预测已下调19%至25%。短期利率需要提升才可以改善港银股核心盈利能力,但预期相关情况不会在2023年下半年之前发生,故料港银股在亚太区盈利复苏会较慢。
大摩指银行股今年将恢复派息,但相信港银股的股息回报不算吸引,料可对中银香港(02388.HK)股价构成支持;重申对恒生银行(00011.HK)「减持」评级,指恒生面临盈利风险因素,目标价由105元升至123元;东亚银行(00023.HK)评级由「与大市同步」下调至「减持」,其目标价由16元下调至14元。
该行亦调整其他港银股目标价,汇控(00005.HK)目标价由33元上调至43元,维持「与大市同步」评级;渣打(02888.HK)目标价由41元升至51元,维持「与大市同步」评级;中银香港目标价由24元下调至23元,维持「与大市同步」评级。(wl/u)
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