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大行評級|大摩:內銀股息率有引力且派息率穩定 或成為國有保險公司主要投資選擇
格隆匯 01-24 10:43
摩根士丹利發表報吿指,證監會鼓勵大型國有保險公司將30%新保費投資A股,認為由於銀行股息率具有吸引力且派息率穩定,將可能成為國有保險公司的主要投資選擇。更理性和長期的政策以及信貸週期的託底應能支持金融市場的可持續發展和銀行股的理想表現。大摩認為以下幾個因素將繼續推動內銀股表現,包括市場對銀行經營指標的看法可能更具建設性;擴大財政政策的支持,緩衝了銀行信貸質量的尾部風險;在信貸週期觸底的情況下,市場對內銀風險和長期利率的擔憂降低。
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