《大行報告》中金看好港銀今年業績有亮眼表現 有望推動估值修復
中金發表報告表示,去年港銀指數上漲1%,跑贏恆生指數16個百分點,海外加息帶動的息差改善是股價走出相對收益的主要原因,而疫情影響和內房風險暴露是拖累股價的主因。
展望今年,中金預計利率環境、疫情演化、內房風險仍是影響港銀股價的三條主線,高利率水平有利於銀行息差表現,內地防疫政策的優化以及政策對優質民營房地產企業的融資支持或逐步移除其對香港銀行的負面拖累。
中金表示,在上述背景下,看好今年香港銀行亮眼的業績表現,業績落地有望推動估值和股價逐步修復。
該行表示,總體而言看好港銀今年業績表現,預計營收和淨利潤分別按年增15%和35%,而當前估值仍處於平均水平以下一倍標準差處,投資性價比較高,首選中銀香港(02388.HK),關注內房風險出清後的恆生銀行(00011.HK)。(ca/w)
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