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《大行報告》瑞銀:內銀次季盈利大致符預期惟收入遜 料最壞情況可能未結束
瑞銀發表報告表示,內銀第二季盈利大致符預期,惟收入遜預期,並認為行業最壞情況可能未結束。該行指內地大多數銀行的基本面惡化速度比預期更快,是由於淨息差大幅收窄、手續費收入疲軟以及支出增長高於正常水平,尤其是大型銀行,這些現象均超出該行預期。 瑞銀表示,在10月舉行的中共第20次全國代表大會帶來的潛在積極催化劑之前,在短期內對大型銀行和合資銀行保持審慎看法,認為郵儲銀行(01658.HK)與有較高的外匯敞口的中國銀行(03988.HK)表現可能會較好。 瑞銀指,展望未來仍然關注房企不良貸款清理時間、以及房地產行業對供應商和經濟的溢出效應,因為房企在獲得新的銀行信貸和新房銷售現金流上均沒有顯示出實質性改善的跡象。
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