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美銀證券:內銀板塊首選郵儲行及民生銀行 明年首季業績有望成催化劑

美銀證券發表報吿稱,內銀板塊具防守性,料因收益率高,盈利能見度佳,該行在H股中首選郵儲銀行(1658.HK)及民行(1988.HK),指明年首季業績有望成催化劑。報吿稱郵儲行估值比招商銀行(3968.HK)吸引,存款機構費用再談判可能有正面消息,該行對郵儲銀行評級“買入”,目標價上調至7.55港元,該行對招商銀行持“跑輸大市”評級,目標價由40港元上調至54港元。另外美銀證券指民生銀行(1988.HK)若盈利增長在2022年能追趕同行,有潛力獲估值重評,該行對民生銀行持“買入”評級,目標價由5.25港元下調至4.2港元。

美銀證券表示,房地產行業融資也將出現小幅復甦,銀行貸款將繼續支持企業,例如先進製造業、綠色金融、新基建和普惠中小企業貸款,LPR可能會下調,銀行間流動性或將保持寬鬆。

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