《大行报告》美银证券升汇控(00005.HK)评级至「中性」 目标价微升至43.01元
美银证券发表报告表示,升汇丰控股(00005.HK)投资评级由「跑输大市」升至「中性」,指近周利率环境形势见改善,汇控所持的美国10年期国债相对较少,但通胀预期有所提高,也推动了短期利率的上涨。该行调高对汇控目标价,由42.52元微升至43.01元。
该行料汇控旗下利率和抵押贷款利率均具有上涨空间,特别是汇丰银行於英国利率,因该行业低至77%的贷款存款比率,尤其是近期抵押贷款利率较高,因为抵押贷款占英国零售贷款的86%。
美银证券指,该行在最近的报告中讨论了汇丰银行如何开展重大工作,以减少其过多成本和提升在欧洲及美洲地区业务资本回报,该行期待汇控於公布2020年业绩时,同时公布具重组雄心的计划,以更清晰的策略提升回报。
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