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研報掘金丨東海證券:維持郵儲銀行“增持”評級,當前估值處於歷史較低水平
格隆匯 04-17 13:28

東海證券研報指出,郵儲銀行(601658.SH)24年歸母淨利潤864.79億元(+0.24%,YoY)。2024年Q4投資收益+公允價值變動明顯好於預期,管理費用下降比預期溫和。另外,目前來看銀行業中間業務收入改善進度較慢。行業層面,宏觀政策空間較大,有望促進銀行業經營環境改善,緩解銀行業息差與信用風險壓力。公司層面,財政部戰略投資及郵政集團增持夯實公司資本實力,預計資產質量壓力可控,未來仍能實現良好經營效益。當前估值處於歷史較低水平,維持“增持”評級。

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