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《大行報告》瑞銀料中資大型銀行股屬周期性反彈 料招行具上行空間
瑞銀發表研究報告指出,過去幾周一直在中國及新加坡開展營銷活動,與投資者及基金會面,發現中資銀行股正重新受到關注。事實上,內銀股上周在披露季績及長假結束後有所上升,表現跑贏整體中國股市。當中,大型國有銀行和某些被低估的國有銀行領漲。該行認為中資大型銀行股在疫後反彈屬周期性。 此外,瑞銀預計短期內中國貨幣政策將保持寬鬆,估值不高及股息高的中資大型銀行短期內應繼續跑贏大市。該行認為,大型內銀中,能夠實現更強勁收入和利潤增長的,更有可能超越同行,從首季業績而言,農行(01288.HK)和中行(03988.HK)似乎脫穎而出。 另預期,在消費信貸、資本市場和財富管理市場復甦後,領先的股份制銀行將在下半年有更大的上升空間,料招行(03968.HK)、平安銀行(000001.SZ)和寧波銀行(002142.SZ)將具上行空間。
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