《大行報告》匯豐研究升信行(00998.HK)目標價至5.7元 撥備前經營溢利壓力超預期
匯豐環球研究發表報告指,中信銀行(00998.HK)去年每股盈利按年增長8.5%,主要受惠於信貸成本及稅務開支下降。
不過,匯豐認為信行的撥備前經營溢利壓力超出預期,主因被費用收入大幅下降,及淨息差顯著受壓拖累。
匯豐研究將信行股份目標價由5.4元上調至5.7元,評級維持「買入」,並將其今明兩年每股盈利預測分別上調23.7%及15.9%,反映監管機構尚未批准而不再考慮其擬配股的稀釋效益。
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