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《大行報告》匯豐研究下調東亞(00023.HK)目標價至10元 評級「持有」
阿思達克 08-19 10:40
匯豐發表評級報告指,東亞(00023.HK)上半年每股盈利按年跌50%至0.39元,佔該行及彭博對2022財年業績預測的24%及25%,每股賬面淨值(BVPS)較去年下半年跌2.3%至34.06元。東亞宣布中期派息0.16元,按年跌54%,意味著派息率為39.4%。 該行視東亞上半年業績為負面事件,資產持續惡化仍是一個主要風險,因東亞仍有12%的貸款和債務投資與內地商業地產有關;隨著上半年更多開發商資產削弱,令抵押品價值下跌。淨息差的改善或可緩衝盈利承壓,而潛在的邊境重開仍是值得期待的催化劑。 該行將公司2022年至24年每股盈測下調10.4%至22%,並將其目標價由12.4元下調19.4%至10元,維持「持有」評級。(ca/u) ~
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