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《大行報告》高盛下調中銀香港(02388.HK)目標價至34.8元 評級「買入」
阿思達克 05-03 11:57
高盛發表研報指,中銀香港(02388.HK)首季經營溢利按年跌12%,較該行預期高出1%。該行指,期內HIBOR走勢按季平穩回落,其他銀行淨息差都大致持平,但中銀香港淨息差按季收窄5個基點至1.11%,跌幅超出該行預期。

期內淨利息收入分別按年及按季下跌22%及1.8%,表現疲軟,較高盛預期低約2%。年初投資市場氣氛良好,交投活躍,令中銀香港手續費收入增長高出該行預期14%,但交易及其他收入表現較差,當中非利息收入較預期少約1億元,令該行首季整體收入亦較高盛預測低約2%。

考慮到表現較預期弱,高盛將今年每股盈利預測溫和下調1%,並將2022至2023年下調2%,估計至2023年淨息差將保持在約1.12%水平,下調目標價至34.8元(原本35.5元),並維持「買入」評級。

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