一文了解券商於农行(01288.HK)公布季绩後最新评级、目标价及观点
农业银行(01288.HK)今早股价偏淡,最新报3.03元下滑1.3%。野村指农行首季纯利按年升2.6%,营运溢利跌1%相信是受较高拨备(按年升12%)所影响,虽然手续费收入按年升12.2%,并指其净息差收受压。
【季绩符预期 减值损失增】
农行公布首季纯利按年增长2.6%至658.61亿元人民币,每股盈利0.18人民币。季内营业收入按年增长4.1%至1,944.99亿人民币,净利息收入按年增长4.8%至1,401.12亿人民币,手续费及佣金净收入按年增长12.2%至303.71亿人民币。营业支出按年增加4.9%至636.42亿元人民币。农行首季信用减值损失502.34亿人民币,按年增加53.82亿人民币。3月底止不良贷款余额2,445.63亿元,较去年底增加74.5亿元,不良贷款率1.53%,较去年底下降0.04个百分点;拨备覆盖率264.61%,较去年底升3.97个百分点。
瑞信发表报告表示,农行首季纯利按年增长2.6%符合该行预期。农行季内收入复苏仍然疲弱,尽管手续费收入增长强劲,但非利息收入更跌8%,信用减值损失按年增加。不过,该行对农行今年盈利恢复持乐观态度,预计未来几个季度将进一步改善,维持予其目标价3.8港元及维持其「跑赢大市」投资评级。
----------------------------------------
本网最新综合6间券商其投资评级及目标价:
券商│投资评级│目标价(港元)
里昂│买入│4.3元
摩根大通│增持│4元
瑞信│跑赢大市│3.8元
瑞银│买入│3.8元
野村│买入│3.58元
摩根士丹利│增持│3.5元
券商│观点
里昂│农行为内银股首选之一,利率上升和经济复苏有望盈利继续好转
摩根大通│首季拨备水平超预期,净利润增长前景正面
野村│手续费收入增长有改善,但净息差NIM面临压力
瑞信│考虑到收入增长疲弱,下调2020-2022年盈利预测
瑞银│上调2021至2023年度每股盈利预测5%至6%
摩根士丹利│资产质量稳定,手续费收入影响利润增长
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.