You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
野村:重申建設銀行(0939.HK)買入評級 升目標價至7.68港元
格隆匯 01-26 12:40

野村發表研究報吿,將建設銀行(0939.HK)目標價由原來的7.64港元升至7.68港元,重申買入評級,並將銀行去年及今年的盈利預測分別上調6%和2%,以反映不良貸款撥備的正常化和正面的資產質素前景。該行亦將建行明年盈利預測下調0.9%,現時預料建行去年、今年和明年的盈利將按年下跌3.2%、上升9.3%,以及升11.5%,意味去年第四季盈利將有“V型”反彈。

野村表示,由於預期強勁的經濟復甦將令銀行資產質素改善,因此將建行去年信貸成本調低10個基點至1.16%。在經營環境改善,包括銀行貸款利率穩定的情況下,內地經濟持續復甦,刺激和寬鬆政策或會減少,該行估計建行去年淨息差為2.11%,今年淨息差為2.07%,而明年淨息差亦為2.07%。

該行又預期,預期建行2020至2022年的貸款總額,將分別按年增長12%、11%及10.5%。此外,為反映國企銀行轉移利潤的壓力較小,而令盈利能力提高,資產質素有望恢復,預料2020至2022年的股本回報率分別為11.5%、11.3%及11.3%。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account