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研報掘金丨中信建投:浦發銀行性價比突出,維持“買入”評級
格隆匯 01-22 15:23

中信建投證券研報指出,浦發銀行(600000.SH)深度服務浦東開發開放,國資背景雄厚。23年四季度,新董事長上任後,加大信貸投放、存量包袱的出清力度,並持續優化組織架構,全新風貌迎來全新氣象。順應五個中心建設,浦發銀行積極打造五大賽道新優勢,多維度賦能業績增長。展望未來,在資產質量持續改善、撥備底子不斷夯實的背景下,認為浦發銀行歸母淨利潤在“觸底反彈”後有望維持相對平穩的表現,困境反轉邏輯再度強化。該行預計2025、2026年營收增速為0.6%、1.0%,利潤增速為2.2%、2.5%。當前浦發銀行股價對應0.48倍24年PB,2024年股息率4.0%。估值受到經濟復甦預期不足、市場情緒悲觀等因素嚴重壓制,性價比突出,維持“買入”評級。

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