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《大行報告》美銀證券料匯控(00005.HK)正走出過去十五年零利率環境制約 料未來三年股息可「翻一番」
阿思達克 07-07 10:43
美銀證券表報告表示,重申對匯豐控股(00005.HK)「買入」投資評級及維持目標價70港元不變,但基於英鎊匯價下跌,決定上調對匯控在倫敦上市目標由7.25英鎊升至7.51英鎊。該行估計匯控存款利差正在恢復,迎來重大正面影響,令其可扭轉過去十五年以來零利率環境下對其制約,令匯控基本業務模式回復以往。 該行估計匯控未來三年股息將可「翻一番」,至2024年股息回報達到8厘以上,該行料匯控於2022年至2024年每股攤薄盈利各為0.47美元、0.89美元及1.11美元,估計其於於2022年至2024年每股派息分別為0.33美元、0.41美元及0.51美元,料股息回報各為5.26厘、6.63厘及8.25厘。 但美銀證券料匯控於今年第二季業績面臨挑戰,基於股市下跌、財富產品銷售疲軟、英鎊及人民幣匯價疲軟,估計匯控於今年第二季列賬基準除稅前利潤為37.71億美元,較今年首季的41.66億美元回落。 該行表示上調對匯控今年撥備預測20%,預計匯豐將如往常一樣迅速採取行動以應對經濟下行,但該行強調其於未來三年(2022年至2024年)內減值總額增加14億美元,是預期的年度淨利息收入增長的十分之一。
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