《大行报告》美银证券上调汇控(00005.HK)2023年税前利润预测 目标价升至45.57元
美银证券发表报告指,料汇丰控股(00005.HK)去年第四季盈利将为15亿美元,而一级核心资本充足率(CET1)将为15.3%,高於其目标范围。该行认为汇控主要问题在於分红及重组,估计将重新分派每股0.12美元,而英伦银行或将派息限在每股0.15美元水平,而最近美汇走强,决定上调对公司2023年税前利润升5%至183.98亿美元,故该行将公司目标价,由43.01元升至45.57元,评级「中性」。
该行认为,汇控目标是进一步削减风险加权资产,意味之前订下的1,000亿美元目标将超额完成。该行料汇控资本策略将较审慎,而2021至2022年派息的年复合增长或达33%,重组後分红料将显着向上,而往後公司可由亚洲派息并解放欧美的资本。
美银证券认为,汇控削减开支计划在正轨上,而退出亏损业务的举措亦受投资者欢迎,相信汇控将进一步透过重组欧洲国际银行及市场业务减省成本,考虑到相关业务回报低,估计亦会受欢迎。(el/w) ~
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