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《大行報告》大摩上調渣打(02888.HK)目標價至61.8元 評級「與大市同步」
摩根士丹利發表研究報告指出,在渣打(02888.HK)披露首季業績後,該行對其2022至2024財年的盈利預測,分別上調8.8%、7.2%及9.2%,估計渣打2022財年的淨利息收入及非利息收入均較高,主要受惠於早過預期的利率上升及更高的交易收入。 該行對渣打2023至2024財年的總收入預測作出適度上調,另基於通脹壓力,上調其今年的營運成本預測,而2023至2024財年則有所下調,主要由於提高效率和成本控制措施所推動。此外,對渣打的貸款虧損支出預測有所下調,特別是今年經濟將從疫情中復甦。另鑑於渤海銀行的前景疲軟,該行對2022及2023財年渣打聯營公司盈利預測亦作出下調。 摩根士丹利對渣打基本情境下預期估值上調7%,以反映對其較高的盈利展望。因此將其目標價由58.5元上調至61.8元,維持「與大市同步」評級。
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