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《大行報告》大和下調郵儲行(01658.HK)目標價至5.1元 評級「買入」為行業首選
阿思達克 10-27 10:23
大和發表報告指,郵儲銀行(01658.HK)公布第三季業績後舉行了分析員會議,管理層進一步談及近期市場的主要焦點。就李嘉誠基金會減持,郵儲行稱基金會視有關交易為日常的財務安排。至於前董事長李國華涉嚴重違紀違法問題,郵儲行強調對方已於2018年離任,對該行日後的經營並無影響。 大和認為市場對郵儲行的主要憂慮屬過度,而該行早前公布計劃非公開增發A股,預計發行價格接近去年底的資產淨值水平(每股除息為6.64元人民幣),遠高於目前股價,相信會有利好。 大和下調郵儲行今年至2024年撥備前盈利預測5%至7%,及純利預測3%至4%,反映淨息差受壓程度較預期大。股份目標價由6.3元降至5.1元,主要考慮及港元兌人民幣匯率的影響,及在現時市場環境下的目標市賬率由0.69倍降至0.58倍,股份評級維持「買入」,並為行業首選之一。
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