大行評級|高盛:維持匯控“買入”評級 組織結構調整令管理層有足夠空間降低成本
匯豐控股昨日公佈新的組織架構及委任新的財務總監,集團將分成四個主要業務,明年1月1日起生效。高盛發表報吿指,公司架構改變應有三個原因,一是簡化中國香港及英國本地市場的管理重點,並強調在國際銀行業務,特別是交易銀行和財富管理方面的優勢,二是節省成本,或裁走重複的職層或生產力不高的組別,以及三是將未來的投資或資本引導至回報更高的業務。高盛指,今次的變動令匯控管理層有足夠空間去減省成本,並改善或減少在新成立的企業及機構理財(CIB)部門中的低效資產負債表和風險加權資產。該行指,更多有關細節會在2024財年全年業績中揭曉,預期會有一個成本削減或控制計劃,至少會有一個計劃是使成本增長低於市場預測約3%,同時還會設定新的2026財年及以後的回報率(ROTE)目標。該行維持匯控目標價82港元及“買入”評級。
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