大摩:上調大部分內銀今明兩年盈利預期約10% 長遠看好招行(3968.HK)等
大摩發表研究報吿,指內銀首季表現因高基數而放慢,預期主要內銀撥備前經營利潤(PPOP)和盈利可有進一步復甦,主因受惠淨息差穩定增長、資產質素改善,以及費用收入增長等。
該行指,內銀淨利息收入增長可於未來數季改善,而非利息收入亦因穩定的交易收益,以及健康的費用收入增長而改善。信貸成本維持穩定,料可支持盈利增增長。大摩上調大部分內銀今明兩年盈利預期約10%,長遠看好平安銀行、興業銀行、招行(3968.HK)。與此同時,因估值低和盈利改善趨勢,主要內銀亦會發力追落後。
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