大行評級|摩根大通:中資金融偏好首選招行及平安銀行 其次為券商及內險股
摩根大通發表報吿,昨日(9日)午市公佈財政部記者會將會舉行的日期及時間,但滬深指數繼續下跌,反映市場對財政刺激規模預期由原來的超過10萬億元下調。報吿指,若刺激規模有2萬億至3萬億元,部分支持消費,以及暗示在需要時有更多刺激政策,相信會超出市場預期。該行對週二(8日)破紀錄的融資急升持正面看法,認為意味散户情緒堅韌,但絕對槓桿水平仍然低企。該行亦見到內地政府部門的預期管理改善,若趨勢持續及投資者認同有關轉變,將長遠減少市場的風險溢價。
摩通稱更改對內地金融股的取態,最偏好招商銀行與平安銀行,基於高股息可在令市場失望情況下提供下行支撐,且在勝預期情況下可見顯著的每股盈利預測上修。其次偏好券商及內險股,最後為國有大型銀行。
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