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《大行報告》摩通下調光大銀行(06818.HK)目標價至2.5元 評級「中性」
摩通發表研究報告指出,在光大銀行(06818.HK)除息日後,已將其目標價由2.7元下調至2.5元。該行維持對光大銀行的盈利預測以及「中性」評級。 該行認為,光大銀行的零售業務對稅前利潤的貢獻低於同業,由於該行認為企業貸款利率和資產質量比零售業務面臨更大的下行風險,光大銀行盈利前景不如同業清晰。此外,光大銀行的存款增速放緩並低於同業,增加其存款成本和淨息差的壓力。雖然光大銀行資產質量穩定,但撥備水平低於同業。
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