一文了解券商於工行(01398.HK)公布季绩後最新观点、评级及目标价
工商银行(01398.HK)今早股价造淡,.最新报5.13元下滑2.3%。野村指工行首季纯利仅按年升1.5%略低预期,相信是受到营运支出较高、手续费收入增长温和所影响。摩根大通表示,工行首季纯利增长属四大国有商银之中表现最弱,对其业绩表现感到失望,料市场对工行季绩看法负面,
【季绩逊同业 增长呈乏力】
工行昨公布首季业绩,纯利按年增长1.5%至857.3亿元人民币,每股盈利0.24元人民币。营业收入按年增长3.9%至2,141.2亿人民币,利息净收入按年增长3.5%至1,666.01亿人民币,年化净利息收益率2.14%。非利息收入按年增长5.1%至475.19亿人民币。季内不良贷款余额3,070.43亿人民币,较上年底增加130.65亿人民币,不良贷款率1.58%,与去年底持平,拨备覆盖率183.22%。核心一级资本充足率13.29%。
瑞信发表报告表示,工行首季纯利按年增1.5%为四大行中增长最低,主要是温和的收入增长和支出增加所致。工行资产质量保持稳定,核心一级资本充足率达13.29%为预期好。该行指考虑到工行首季收入增长疲弱,决定将对其2020年至2022年每股盈利预测各下调1.8%、4.4%、4.7%,将其的目标价从6.6港元下调至6.3港元,维持「跑赢大市」投资评级。
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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│7.5元
瑞银│买入│6.5元
摩根士丹利│增持│6.4元
野村│买入│6.38元
瑞信│跑赢大市│6.6->6.3元
摩根大通│中性│6.2元
券商│观点
里昂│工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
瑞银│首季业绩低预期,但料第二季至第二季增长加快
摩根士丹利│资产质量稳定,手续费收入影响利润增长
野村│信贷成本进一步稳定下来,资产质量保持稳定
瑞信│考虑到收入增长疲弱,下调对其2020年至2022年盈利预测
摩根大通│首季纯利增长属属四大国有商银中最弱
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