《大行報告》美銀證券上調匯控(00005.HK)2023年稅前利潤預測 目標價升至45.57元
美銀證券發表報告指,料匯豐控股(00005.HK)去年第四季盈利將為15億美元,而一級核心資本充足率(CET1)將為15.3%,高於其目標範圍。該行認為匯控主要問題在於分紅及重組,估計將重新分派每股0.12美元,而英倫銀行或將派息限在每股0.15美元水平,而最近美匯走強,決定上調對公司2023年稅前利潤升5%至183.98億美元,故該行將公司目標價,由43.01元升至45.57元,評級「中性」。
該行認為,匯控目標是進一步削減風險加權資產,意味之前訂下的1,000億美元目標將超額完成。該行料匯控資本策略將較審慎,而2021至2022年派息的年複合增長或達33%,重組後分紅料將顯著向上,而往後公司可由亞洲派息並解放歐美的資本。
美銀證券認為,匯控削減開支計劃在正軌上,而退出虧損業務的舉措亦受投資者歡迎,相信匯控將進一步透過重組歐洲國際銀行及市場業務減省成本,考慮到相關業務回報低,估計亦會受歡迎。(el/w) ~
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