《大行報告》摩通下調陸金所控股(LU.US)目標價至1.55美元 評級「減持」
摩根大通發表報告指,陸金所控股(LU.US)首季業績表現遜於預期,主要是新貸款增長、利率和資產質量均表現疲軟,即使宏觀經濟復甦,但新增貸款按季下跌27%,而C-M3流量按季持平,意味著資產質量持續承壓。
該行指,陸金所管理層指引將其風險承擔比例,由首季未償還貸款餘額的24.5%,上調至今年底約40%,以致公司貸款成本上升及利潤較低,主要是不論資產質量走勢如何,公司仍需要做基礎撥備。
摩通表示,將陸金所今年、明年及2025年盈利預測分別下調33%、18%及12%,同時將其目標價由1.8美元下調至1.55元,維持其評級為「減持」。(ca/w)
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