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大行評級|美銀證券:下調恒生銀行目標價至113.5港元 偏好中銀香港
美銀證券發表報吿指,基於恒生銀行中期業績,相應調整對其估值模型和盈利預測,降恒生今年全年盈測20%至165億港元,明年盈利預測亦下12%,主要是由於盈利前景改變以及香港宏觀經濟不確定性,導致股本成本增加。該行指出,上半年恒生貸款額按年跌8.5%,較去年下半年亦跌4%,跌幅較行業水平為大,預期今年下半年貸款增長仍將保持低迷,預測全年信貸成本為68個基點,將2023至2025年每股盈測分別降至8.62港元、8.8港元及9.15港元。該行將恒生目標價由134港元下調至113.5港元,維持“中性”評級,認為恒生股息回報仍具吸引力。目前在港銀中更看好中銀香港。
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