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《大行報告》花旗升中銀香港(02388.HK)目標價至34元 維持「買入」評級
花旗發表研究報告,指對中銀香港(02388.HK)上半年收入預期較其他券商低約3%,主因手續費以及其他收入較低,對其淨利息收入預測則大致符預期。報告料中銀下半年貸款增長將不及上半年,因中銀更重視定價與資產質素。即使市場活動放緩,報告對市場或過度演繹中銀首季非利息收入強勢感審慎。

報告指出,對中銀上半年撥備預期較其他券商高約9%,料貸款虧損仍然較低,東盟區內敞口料無重大風險,但東盟市場資產質素料較本港爲弱;因應宏觀風險緩和,加上監管機構放寬分派股息限制,相信中銀中期息可回覆至疫情前每股0.55元水平。

花旗微降中銀今年盈測1%,以反映輕微下調非利息收入預測,同時升中銀2022至2024年盈測介乎1%至9%,目標價由32.7元升至34元,評級維持「買入」。

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