《大行報告》匯豐研究下調海通證券(06837.HK)目標價至7.2元 維持「持有」評級
匯豐研究發表研究報告指出,海通證券(06837.HK)去年純利較預期低10%,主因投資銀行業務表現疲弱及海通銀行商譽減值費用所致。公司投資銀行業務存在合規問題,於2021年被中證監降級。管理層指已採取措施加強合規文化和提高緩解風險的管控,管理層對公司今年新股承銷業務持續增長具信心。
該行指出,海通證券財富管理業務相比於同行更傾向於零售領域,配合投資銀行業務,相信可更好地打入高淨值客戶市場。該行又將公司2022及2023年純利預測各下調約10%,H股目標價由7.8元降至7.2元,維持「持有」評級。
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