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大行評級|摩根大通:經濟衰退情況下匯控和渣打較港銀及內銀更脆弱
格隆匯 04-09 11:05

摩根大通發表研究報告指,匯豐控股和渣打集團股價自4月2日以來累計分別調整16.6%及20.4%,跑輸恆指分別2.1個及5.9個百分點。該行相信,市場正押注全球陷入衰退,或會導致減息幅度加深、交易類銀行收入減少,以及更高的信貸成本。

該行認爲,在美國及全球經濟衰退的情況下,如匯控和渣打等貨幣中心銀行會較港銀及內銀更脆弱,所以相信上述兩行會在短期內跑輸大市,而渣打股價表現或較匯控更差,因爲前者對交易類銀行收入有更高的依賴,以及對受關稅影響較大的經濟體有更大業務敞口。

摩通對匯控和渣打的目標價分別爲115港元及135港元,評級均爲“增持”。

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