《大行報告》海通國際升東亞(00023.HK)評級至「優於大市」 目標價上調至14.42元
海通國際發表研究報告指出,預計東亞銀行(00023.HK)上半年營收按年增長26.7%,純利按年增長80.9%;2023至2025年純利按年增長37.46%、跌0.25%及升5.71%,原盈利預測為2023至2024年純利按年跌20.54%及升9.81%。
此外,該行料東亞今年上半年的信貸成本為85點子,2023至2025年信貸成本在0.73%至0.6%之間逐步下降,不良生成率也呈現下降趨勢,不良率整體保持穩定或有小幅反覆。另預期東亞今年淨息差仍然繼續擴大,淨利息收入按年增長26.7%。模型中反映上半年淨息差為2%,比去年全年的1.65%擴大35點子。
考慮到東亞已審慎對其各個區域地產相關業務進行梳理,並進行相應的計提,同時內房相關的敞口自2015至今從15%以上一路下降到10%以內。該行認為往前看其資產質量有望築底,同時公司不斷的回購以支持股東回報(去年10月至今公司當日回購股數/公司成交股數平均值約20%),該行上調其評級至「優於大市」,目標價由10.77元上調至14.42元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.