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《大行報告》高盛下調建行(00939.HK)目標價至5.14元 評級「買入」
阿思達克 08-24 11:02
高盛下調建行(00939.HK)目標價,由5.8元降至5.14元。維持「買入」評級。 報告指,建行第二季撥備前經營溢利及淨利潤分別為1,360億及780億元人民幣,對比高盛預測的1,420億及740億元人民幣。季內撥備440億元人民幣,少於高盛預測的500億元人民幣。高盛表示,基於疲弱宏觀環境,建行第二季淨利息收入及費用收入疲軟符合市場預期, 報告亦指,在撥備減少及不良貸款毛新增與淨新增減少下,不良貸款覆蓋率上升。但基於中期物業貸款規模按年及較去年下半年升9%及8%,以及90天逾期貸款與不良貸款比率,認為建行應作更多撥備。該行上調對建行信貸成本預測。
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