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《大行报告》美银证券上调招行(03968.HK)目标价至35.4元 评级「跑输大市」
阿思达克 03-24 11:19
美银美林发表报告指,招行(03968.HK)业绩表现一如快报指引良好,拨备前盈利按年增长4.5%,较该行预期低1.2%。第四季净利息收益率按季收窄12点子至2.41%,营运收入增幅持续於少开支增幅,不良贷款率及信贷成本下降至2014年以来最低水平。

该行指招行核心利润平平无奇,现时估值过高,重申「跑输大市」评级。基於去年业绩表现,上调盈测8%至10%,目标价相应自30元上调至35.4元。

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