瑞信:中信銀行(0998.HK)全年業績勝預期 上調公司AH股目標價
中信銀行(0998.HK)業績快報顯示,該行去年純利約489.8億元人民幣,按年增長2.01%,即第四季按年升66%,股東應占溢利亦較市場預期為佳。瑞信將信行H股目標價由3.3港元上調至4港元,維持中性評級,而A股目標價亦由4.4元人民幣升至5.1元人民幣,評級由遜於大市升至中性。
瑞信指出,信行第四季收入錄得正增長,全年更升3.8%,惟因成本急漲,撥備前盈利由首九個月增長8.4%放緩至增長5.3%,第四季營運溢利按年升89%,第三季則跌10%,主要因為撥備開支按年大減37%。
報吿提到,信行去年第三季的一級資本比率只有8.63%,要達到國內系統性重要銀行要求,仍面臨監管壓力,估計該行將要尋求方法補充資本,以為未來貸款增長奠定基礎。

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