You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大行評級|花旗:料內銀首季盈利受壓 偏好信行及重農行

花旗發表報吿指出,預期該行覆蓋的內銀今年首季收入/盈利表現相對較弱,分別按年跌2.8%及1.7%,主要受累於季內抵押貸款重新定價,令淨息差持續受壓;季內基數較高及銀行保險收入拖累,導致費用疲弱;貸款增長率在高基數基礎上持續放緩(部分貸款配額提前至去年第四季)。

該行認為,在覆蓋的內銀中,首季大型銀行或由於撥備前利潤(PPOP)/税後純利負增長而意外下行。然而,該行預期大型內銀全年盈利將維持按年持平或低單位數增長,可實現相對穩定的全年股息(預期可能派發中期息)。相比之下,優質區域性銀行看來更有能力實現優於同業的首季盈利增長。內銀港股中,該行偏好信行及重農行,認為股息率較高且估值較低,當中信行股息率達9.2%,重農行股息率為9.4%。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account