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《大行報告》摩通降匯控(00005.HK)評級至「中性」 下調渣打(02888.HK)目標價至78元
摩根大通發表報告,指匯豐控股(00005.HK)及渣打集團(02888.HK)股價年初至今分別累漲21%和9%,分別跑贏恆指約16及4個百分點。 考慮到每股盈利及資本回報的潛在下行風險,摩通目前對地區性銀行抱審慎態度,預計淨息差以按年基礎計今年將見頂,市場預期美國聯儲局可能會減息,加上存款貝塔系數上升,以及內地及本港市場以外貸款增長放緩,導致銀行淨利息收入有下行風險,宏觀環境不明朗亦令市場信用風險上升。 摩通將匯控評級從「增持」下調至「中性」,預測首季經調整稅前利潤(PBT)將見頂,目標價由66元相應下調至61元;而渣打目標價亦從85元降至78元,評級「增持」。
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