《大行報告》里昂料內銀股上季純利增長迎來轉折點 料今年可多賺5.5%
里昂發表報告指,中國銀保監會於上周五的新聞發布會公布,內銀於去年第四季的淨利潤按年增長29%,對比去年第二季為下跌24%,此確認了內銀業的盈利迎來了轉折點。
里昂相信,在基本面上,經濟復甦及政策正常化將有利內銀股今年的毛利率、收費及資產質素,預期該行覆蓋研究的上市內銀股,今年的盈利將可錄5.5%的按年反彈,明年盈利料再提升6.3%,對比去年為下跌4.2%,而催化劑包括即將到來的業績期,及監管機構對利潤分享的指引。
該行又對今年中國金融行業展望樂觀或穩定,並認為銀保監對金融科技的評論更為溫和,加上近期對付款及利率上限的規定寬鬆,令該行相信監管機構對金融科技規管的收緊可能已達頂峰。另一方面,南向資金流入勢頭強勁等情況可能會使A/H股存溢價的中資金融股受惠,里昂對行業的喜好順序更改為銀行、券商、金融科技及保險公司。
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