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瑞銀投資銀行研究部:2024年中國銀行業增長將會分化 持防禦性看法
阿思達克 01-02 17:46
瑞銀投資銀行研究部表示,中國銀行業在2024年將出現增長分化。總體而言,考慮到LGFV、房地產市場和宏觀環境依然存在不確定性,對該行業仍持防禦性看法。 瑞銀大中華金融行業研究主管顏湄之預計,2024年覆蓋的中國地方性銀行收入和撥備前利潤將平均按年增長7.1%和7.5%,主要由於資產負債表擴張,部分被淨息差收窄所抵銷。顏湄之預計,2024年貸款將平均按年增長15.0%。對於淨利潤,得益於營收增長和撥備覆蓋率充足提供的緩衝,平均淨利潤可能按年增長9.2%。 至於澳門博彩業方面,瑞銀投資銀行研究部持樂觀態度,認爲估值不高,營收有增長空間,儘管受基數影響,增速有所放緩。瑞銀投資銀行香港策略師陳志立表示,維持2024年中場GGR達到2019年水準的105%的預測,但將EBITDA復甦率從2019年水準的102%下調至86%,主要由於上調營業費用預測。(ca/u) ~
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