大行評級|花旗:予建設銀行“買入”評級 第三季受益於交易收益和撥備釋放
花旗發表研報指,受淨息差收縮及手續費收入疲弱的拖累,建設銀行第三季撥備前利潤按年下跌4.1%,跌幅較次季的4.7%有所收窄,同時由於信貸成本及實際税率下降,交易收益和撥備釋放,推動第三季税後淨利恢復增長,按年增幅達到3.8%,對比上季為跌1.4%,表現好過預期,在六大國有銀行中排名第三。今年首三季度,建行撥備前利潤按年下降4%至4,071億元人民幣,税後淨利按年增長0.1%至2558億元,達到市場普遍預期全年利潤的77%。花旗認為,第三季業務表現穩健相信是管理層改變經營思維的象徵,隨着首九個月盈利增長正常化,預期全年盈利及每股派息有望至少達到按年持平,加上其股息回報率達到7.2%,具一定吸引力,給予“買入”評級,目標價7.26港元。
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.