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大摩:内银股首季纯利略优预期 大部份银行资产质素改善
阿思达克 04-30 14:35
摩根士丹利发表报告,指内银首季季绩轻微高於市场预期,惟亦是近年纯利增长及核心营运表现分歧最大的一季。报告指,季绩好於预期主要受到信贷质素改善及手续费收入健康增长所支持,该行追踪的内银首季盈利平均增长5.7%,高於中银保监公布的行业平均1.5%。首五间国有银行首季盈利增长1.5%至2.8%,中型银行增幅则为较高的介乎5%至18%,民行(01988.HK)则录得盈利按年倒退。该行指,受惠低基数影响,相信国有银行盈利增长於未来数季仍会进一步加快。

另外,专注零售银行及财富管理业务的银行,如邮储行(01658.HK)、招行(03968.HK)及平安银行(000001.SZ)手续费收入增长强劲,介乎20%至50%。不过在按揭贷款定价向下延後入账的影响下,净利息收入普遍疲弱。首季开始资产增长合理化,大部份银行资产质素亦好转。

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