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《大行报告》高盛料汇控(0005.HK)首季列账基准除税前利润逾26亿美元 按年跌18%
阿思达克 04-21 10:51
汇丰控股(0005.HK)将於下周二(27日)公布今年首季业绩,高盛发表报告,估计汇控今年首季列账基准收入录127.01亿美元,按年跌7%(按季增8%);估计列账基准除税前利润26.49亿美元,按年跌18%(按季升91%);料经调整除税前利润41.89亿美元,按年升38%(按季升89%);料其今年首季有形股本回报率为3.3%(对比2020年首季4.8%、2020年第四季为1.4%)。该行维持对汇控「买入」投资评级及未来12个月目标价57元。

该行指,从美国银行同业(如摩根大通(JPM.US)、美国银行(BAC.US)、花旗(C.US)及摩根士丹利(MS.US))业绩所显示,与资本市场相关的批发银行业务收入(即固定收益、外汇及大宗商品(FICC)、股票及投资银行),按季增长约51%(按年增长38%)。料汇控相关业务收入(占集团总收入24%)会落後美国同业,但增长仍可达到美国银行同业增长啤打的0.5倍左右。

高盛估计股票市场方面今年良好开端,或可反映在汇控旗下零售银行理财业务收入增长表现。除此之外,市场对汇控业绩重点还将放在净息差发展以及其他指标,如普通股权一级资本比率、资本充足比率,运营费用等。

此外,高盛亦列出市场同业估计汇控今年首季列账基准除税前利润33.47亿美元、估计经调整除税前利润43亿美元。

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