《大行報告》中金料建行(00939.HK)資產負債表快速修復 現處業績「V」型反轉起點
中金發表報告指,建行(00939.HK)建行於3月5日舉辦智慧政務主題交流活動,生動介紹智慧政務推出背景和取得成效等。智慧政務賦能G端場景,進而鏈接B和C端,大幅提升了建行快速觸達和有效服務客戶的能力,助力建行打造「二次成長曲線」。向前看,看好建行通過智慧政務平台服務國家戰略和提升政府治理能力同時提升商業價值。
該行表示,智慧政務是什麼是建行為政府搭建的全事項、全流程、全覆蓋、全場景應用的務便民綜合性服務平台,使B、C端用戶在移動端和PC端快捷辦理相關政務服務,如線上提交工程項目審批、線上補辦身份證等,解決政府堵點、社會難點、民生痛點。
該行提到,目前建行已與全28個省政府簽約,13個省項目已落地,政務平台註冊用戶突破1.2億人,辦件量9.5億。向前看,強監管牌照的銀行機構更易獲得G端用戶信賴,智慧政務戰略將向更全面更深度方向發展。同時,智慧政務平台業務的發展也幫助了銀行員工提高金融科技能力,並培養了「用戶思維」,未來隨著平台場景生態建設的豐富迭代和數據的合規挖掘應用,平台用戶數、活躍度、用戶轉化率、渠道覆蓋、客戶價值等有望全面提升,助力建行開拓「二次成長曲線」,也推動公司從傳統銀行向數字銀行轉型。
中金維持對建行盈利預測與H股目標價10.17元不變,對應今年0.9倍市賬率和57%上漲空間。目前建行H股交易於今年0.6倍市賬率。向前看,中金認為建行資產負債表將快速修復,目前處於其業績V型反轉的起點,重申「跑贏行業」評級。
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