《大行報告》摩通上調建行(00939.HK)目標價至8.8元 評級「增持」
摩根大通發表研究報告,指建行(00939.HK)管理層對今年業務展望給予更具質素的意見,多於數字上的指引。管理層維持較保守的態度。
該行指,在資產質素方面,管理層認為前景好壞參半,採取暫緩措施來緩解貸款風險,而與地方政府相關的信貸風險持續影響資產質素。淨息差方面,管理層指第四季見穩定,但今年壓力持續。手續費用增長方面,主要來自財富管理,不過去年因疫情而下調的費用難以再調整。
該行表示,有關保守的態度符預期,而管理層在其他方面,包括存款增長、零售銀行的領導地位、政策風險、金融科技發展、派息政策方面都較樂觀,重申「增持」評級,目標價由8.7元升至8.8元。
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