《大行報告》大摩上調中銀香港(02388.HK)目標價至26.8元 評級「與大市同步」
摩根士丹利發表報告,在中銀香港(02388.HK)公布第三季業績後,將今年至2025年三年期間的盈利預測分別上調8.1%、8.4%及7.8%,淨利息收入預測亦上調,以反映淨息差及生息資產較高,今年的非利息收入預測上調7%,主要因為第三季交易相關收入較高。在成本控制得宜下,今年至2025年各年營運支出預測均下調9.5%,另外今明兩年預期信貸損失的預測上調,以反映商業房地產相關信貸成本。
該行將中銀香港目標價由25.5元上調至26.8元,相當於預測今年市盈率8.5倍,雖然現時估值相對歷史及同業水平為低,但商業房地產信貸仍然具有風險,維持「與大市同步」評級。
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