《大行報告》瑞信:渣打(02888.HK)上季稅前溢利勝預期 但淨利息收入遜及無上調明年指引
渣打集團(02888.HK)午後股價曾高見51.75元一度彈高6.8%,最新報50元,僅升2.2%。瑞信發表報告表示,渣打中午公布今年第三季除稅前基本溢利14.16億美元,較市場及該行原預期各高出26%及29%,勝預期主要是季內收入高於預期9%,渣打淨利息收入較預期低出7%,部分原因是交易賬戶資金成本較高,該行指渣打第三季收入高於預期,主要是來自金融市場的非利息收入高預期23%,基於金融市場業務表現,渣打現時預期收入將增長約13%(撇除債務價值調整及按固定匯率基準計算)。
該行指,渣打管理層給予指引正面,料市場同業將會上調對2022年撥備前盈利預測約5%,而渣打截至今年9月底止普通股權一級資本比率為13.7%,亦較市場同業預期高出20個基點。
不過,瑞信亦指,渣打第三季業績的負面因素是淨利息收入遜預期,集團並無上調對2023年淨利息收入預測。該行維持對在倫敦上市的渣打(STAN.L)「跑輸大市」評級及目標價510便士(約46.2港元)。
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