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大行評級|花旗:恆生銀行未公佈新回購計劃令市場失望 予“中性”評級
格隆匯 02-20 16:02

花旗發表研報指,恆生銀行未有公佈新的回購計劃,令市場感到失望,短期內可能缺乏催化劑,加上持續的資產質量惡化,可能會影響市場情緒。不過花旗亦表示,恆生去年盈利表現超出預期,非利息收入穩健且成本控制良好,認爲對2025年市場普通的下行空間有限,因爲最近股市回彈可能會持續推動手續費增長,而AIEA的增長也可能在很大程度上抵消利潤壓力。

在持續去風險化的背景下,花旗相信內地商業房地產的減值可能會有所緩解,而香港商業房地產的減值則可能受到LTV 50%至60%的抵押物支持。花旗給予目標價97港元,評級“中性”。

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