《大行報告》瑞信下調交行(03328.HK)目標價至5.2元 評級「中性」
瑞信發表報告指,交通銀行(03328.HK)上半年純利按年增4.8%,符合該行預測,次季利潤按年增3.1%,較首季增幅6.3%放緩;今年次季收入按年增6.4%,較首季的7.8%略有放緩,銀行淨利息收入按年增6.6%。該行指,強勁貸款增長及淨息差韌性表現均優於該行預期,淨息差按年跌2個基點至1.53%,貸款收益率跌5個基點,意味著在低基數下,下行空間有限。
報告下調交行手續費收入增長及淨息差預測,並將其今年及明年每股盈測分別下調0.4%及0.5%,H股目標價由5.8元下調至5.2元,維持其評級為「中性」。
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