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《大行報告》摩通:下半年看好具增長優質內銀 首選招行(03968.HK)及郵儲行(01658.HK)
摩根大通發表報告指,該行對疫情影響及房地產風險的分析表明,內銀不良貸款形成的壓力或會在今年下半年舒緩。不過,即使LPR沒有進一步下調,行業收入壓力亦可能持續存在。 因此,該行預計內銀股股價在絕對基礎上呈上升趨勢,但下半年表現料跑輸大市,且估計在內地解除疫情封鎖後,行業每股盈利不太可能向上修正。 摩通將偏好由國企銀行轉向優質增長股,內銀股首選招行(03968.HK)、郵儲行(01658.HK)及平安銀行(000001.SZ)。摩通同時將交行(03328.HK)評級降至「中性」。 股份│評級│目標價 農業銀行(01288.HK)│中性│3.25→3.15元 中國銀行(03988.HK)│增持│3.85→3.7元 交通銀行(03328.HK)│增持→中性│6.4→5.9元 中信銀行(00998.HK)│中性│4.25→3.9元 建設銀行(00939.HK)│增持│7.8→7.2元 光大銀行(06818.HK)│中性│3.2→2.9元 民生銀行(01988.HK)│減持│3.0→2.6元 工商銀行(01398.HK)│中性│5.4→5.3元
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