《大行报告》美银证券下调中信证券(06030.HK)盈测 目标价降至20.8元
美银证券发表研究报告指中信证券(06030.HK)去年纯利增22%至149亿元人民币,经调整收入增长为29%,主因交易佣金收入增长以及投资银行收益带动。公司去年第三/第四季为金融资产拨备31亿及17亿元人民币,令纯利逊预期。
报告指,在基本面和市占率维持稳定,预期公司是内地市场持续改革的主要受益者。公司资产增长33%,当中交易资产增55%,员工数目由2019年的1.6万人增至去年的1.9万人,相信收入持续增长是公司的主要目标。
该行降2021至22年盈利预期3%至5%,目标价降1%至20.8元,评级「买入」。
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