研報掘金|華泰證券:上調渣打集團目標價至126.47港元 有望持續受惠於全球產業鏈重構
華泰證券發表研究報告指,渣打集團去年經營收入按年增長13.3%;稅前利潤捎年增20%,增速較前三季放緩4.8個百分點。渣打宣佈將回購15億美元股份,並指引全年股息將逐漸提高。該行相信渣打有望持續受惠於全球產業鏈重構,維持“增持”評級,目標價由102.31港元上調至126.47港元。
華泰證券表示,渣打去年底總資產達8497億美元,上季淨息差2.12%,按季增加17個基點,表現按季改善主要是由於負債成本優化。去年全年淨息差1.94%,較前三季增加6個基點。非息收入方面,去年財富方案業務經營收入按年增長28.1%,表現亮眼。去年底渣打核心一級資本充足率按季持平於14.2%。
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