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一文综合券商於中行(03988.HK)公布季绩後最新观点、评级及目标价
阿思达克 04-30 14:56
中国银行(03988.HK)今日股价偏淡,最新报3.1元下滑1.6%。中金指中行首季业绩符合预期,手续费收入按年升18.1%强劲,指资产质素改善及优预期;摩根大通则指,中行属内银股息回报最高股份,但在新冠疫情持续下,料中行旗下海外业务表现将乏力。

中行昨收市後公布首季纯利按年增长2.7%至539.89亿元人民币,每股盈利0.18元。营业收入按年增长6.3%至1,578.66亿人民币,其中净利息收入按年增长3.7%至1,041.59亿人民币,净息差1.78%。中行首季非利息收入537.07亿人民币,增长11.74%;其中手续费及佣金收支净额278.75亿人民币,增长18.09%。中行首季资产减值损失323.61亿元,按年减少0.6%。核心一级资本充足率为11.12%。

【季绩符预期 手续收入强】

瑞银发表报告表示,中行首季纯利按年增长2.7%,与其他四大银行的趋势一致,惟净利息收入按年增长相对较弱,但手续费收入增长(按年升18.2%)强劲优於同业,此有助於中行总体收入增长加快,而该行予其「买入」投资评级,目标价3.9港元,关注其今年余下时间盈利目标、净息差及贷款定价趋势及成本控制等。

摩根士丹利表示,中行首季业绩略优预期,信贷质素呈改善,手续费录健康增长(按年升18%),公司管理层对资产质素和手续费收入持乐观看法,首季存款增长高於同业,予其目标价3.6港元,维持「增持」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)

中金│跑赢行业│4.68元

瑞银│买入│3.9元

高盛│中性│3.77元

摩根士丹利│增持│3.6元

摩根大通│中性│3.3元

里昂│买入│---

券商│观点

中金│首季业绩符预期,资产质素优预期

瑞银│首季收入增长符预期,手续费收入增长高於同业

高盛│首季盈利增长稳定,料次季将加快1

摩根士丹利│首季存款增长高於同业

摩根大通│首季业绩胜预期,资产质量明显改善

里昂│不良贷款率显着下跌,四大行中业绩表现最强

(ta/w)

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