《大行报告》大摩调整内银股目标价 料第二季盈利增长进一步反弹
大摩发表研究报告,指内银首季表现因高基数而放慢,预期主要内银拨备前经营利润(PPOP)和盈利可有进一步复苏,主因受惠净息差稳定增长、资产质素改善,以及费用收入增长等。
该行指,内银净利息收入增长可於未来数季改善,而非利息收入亦因稳定的交易收益,以及健康的费用收入增长而改善。信贷成本维持稳定,料可支持盈利增增长。大摩上调大部份内银今明两年盈利预期约10%,长远看好平安银行、兴业银行、招行(03968.HK)。与此同时,因估值低和盈利改善趋势,主要内银亦会发力追落後。
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