《大行報告》匯豐研究下調東亞(00023.HK)目標價至16.8元 評級「買入」
匯豐研究發表研究報告,指出東亞銀行(00023.HK)去年每股基本盈利1.53元,按年增長57.7%,低過該行預期的12%。雖然盈利疲弱,資產質量卻大幅改善。每股股息增長75%至0.7元。該行認爲東亞提高股本回報率,加上有利於股東的政策等,是一家不斷改善的銀行。
該行又稱,東亞不良貸款率降至1.09%,主要受內地業務的推動,儘管期內對內房風險敞口有所增加。管理層認爲內房今年風險可控,行業不良貸款率維持約1%。
匯豐研究認爲,東亞去年業績適度樂觀,主要得益於改善的資產質量指標、有利淨息差前景、普通股權一級資本比率穩定,增加對完成回購的信心,以及表明出售藍十字的意圖。該行將東亞的2022及2023財年每股盈測下調24.2%及0.9%,維持對其「買入」評級,目標價由17.6元降至16.8元。
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