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美銀證券:次季業績非渣打催化劑 回購為股份提供能見度
格隆匯 07-14 17:33

美銀證券發表研究報吿指,作為一間服務於全球增長迅速的市場並具領先地位的銀行,渣打200億美元的市值低得驚人。隨着收入在今年下半年恢復增長,集團有內部增長的機會。美銀予渣打倫敦目標價620便士,相當於66.8港元,評級為“

美銀表示,渣打從過盛的資本中獲益機會較微,但由於回報低,股東成本很高。集團在2021至2023年期間再進行20億美元的回購,或會令收益提升。整體而言,過多的緩衝,令市場認為渣打過於謹慎,令增長的股本回報率低於其股本成本,相信集團未來採取的行動,將為其提供支持。

美銀不認為第二季業績是渣打的催化劑,因為亞洲市場的調整已屬負面,但股份回購將可提供股份能見度等。

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