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一文了解券商於工行(01398.HK)公布季績後最新觀點、評級及目標價
阿思達克 04-30 11:11
工商銀行(01398.HK)今早股價造淡,‧最新報5.13元下滑2.3%。野村指工行首季純利僅按年升1.5%略低預期,相信是受到營運支出較高、手續費收入增長溫和所影響。摩根大通表示,工行首季純利增長屬四大國有商銀之中表現最弱,對其業績表現感到失望,料市場對工行季績看法負面,

【季績遜同業 增長呈乏力】

工行昨公布首季業績,純利按年增長1.5%至857.3億元人民幣,每股盈利0.24元人民幣。營業收入按年增長3.9%至2,141.2億人民幣,利息淨收入按年增長3.5%至1,666.01億人民幣,年化淨利息收益率2.14%。非利息收入按年增長5.1%至475.19億人民幣。季內不良貸款餘額3,070.43億人民幣,較上年底增加130.65億人民幣,不良貸款率1.58%,與去年底持平,撥備覆蓋率183.22%。核心一級資本充足率13.29%。

瑞信發表報告表示,工行首季純利按年增1.5%為四大行中增長最低,主要是溫和的收入增長和支出增加所致。工行資產質量保持穩定,核心一級資本充足率達13.29%為預期好。該行指考慮到工行首季收入增長疲弱,決定將對其2020年至2022年每股盈利預測各下調1.8%、4.4%、4.7%,將其的目標價從6.6港元下調至6.3港元,維持「跑贏大市」投資評級。

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本網最新綜合6間券商其投資評級及目標價:

券商│投資評級│目標價(港元)

里昂│買入│7.5元

瑞銀│買入│6.5元

摩根士丹利│增持│6.4元

野村│買入│6.38元

瑞信│跑贏大市│6.6->6.3元

摩根大通│中性│6.2元

券商│觀點

里昂│工行為內銀股首選之一,利率上升和經濟復甦有望盈利繼續好轉

瑞銀│首季業績低預期,但料第二季至第二季增長加快

摩根士丹利│資產質量穩定,手續費收入影響利潤增長

野村│信貸成本進一步穩定下來,資產質量保持穩定

瑞信│考慮到收入增長疲弱,下調對其2020年至2022年盈利預測

摩根大通│首季純利增長屬屬四大國有商銀中最弱

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