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《大行報告》野村降農行(01288.HK)評級至「中性」 下調多家內銀H股目標價 首選招行(03968.HK)
野村發表報告,認為內銀板塊最緊張時刻或已過去。報告料內銀盈利增長將於次季及今年下半年復甦。 報告指,預期內銀盈利增長將於今年次季見底回升,按年增幅平均料5.1%,高於今年首季的1.5%。該行並預期今年下半年內銀盈利按年增長均值料改善至7%,高於今年上半年料3.1%增幅,受惠於淨息差收窄幅度減慢;非利息收入可能改善;資產質素改善下信貸成本減少。 野村在內銀板塊首選招行(03968.HK)、平安銀行(000001.SZ)及寧波銀行(002142.SZ)。 該行下調多家內銀H股目標價,並降農行(01288.HK)評級至「中性」,另首予中行(03988.HK)「中性」評級,表列如下: 內銀H股|評級|目標價(港元) 郵儲行(01658.HK)|買入|6.73→6.53元 農行(01288.HK)|買入→中性|3.6→3.07元 工行(01398.HK)|買入|5.01→4.9元 中行(03988.HK)|中性|3.14元 招行(03968.HK)|買入|57.85→52.18元 建行(00939.HK)|買入|6.66→5.81元
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