《大行報告》花旗升匯控(00005.HK)目標價至62.9元 上調渣打(02888.HK)目標價至76.5元
花旗發表報告指,本港銀行股年初至今上升了14%,與恆指表現大致相符,相信主要受到內地更廣泛重新開放所支持。其中,由於估值更為吸引,加上資本回報上升空間及盈利能力改善,匯控(00005.HK)及渣打(02888.HK)的股價表現跑贏本地同業。
該行表示,從基本面而言,隨著存款競爭加劇,本港銀行的淨息差可能於去年第四季接近見頂,而與內房相關撥備料於去年下半年繼續造成影響,但估計有關減值今年將大幅減少。
花旗繼續視匯控為行業首選,認為集團今年將提供更好的資本回報上行空間,並有強勁盈利增長,將其股份目標價由52.8元上調至62.9元。該行指假如渣打今年能達成目標為實現10%的有形股本回報,較計劃提早一年達成,股價有上行可能,將渣打股價目標價由56.4元升至76.5元,評級維持「中性」。至於東亞銀行(00023.HK)目標價由8.35元升至9.54元,維持「中性」評級。
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