大行評級丨大摩:港銀下半年或面臨收入壓力 降匯控及渣打目標價
摩根士丹利發表研報指,存款成本下降,疊加強勁的財富管理和企業活動亦將帶動手續費收入增長,料驅動香港銀行今年首季業績表現強勁。然而由於宏觀經濟前景仍存在風險,大摩估計投資者目前可能更加關注今年餘下三個季度的前景,預測港銀未來收入將面臨壓力,主因是利率前景惡化及財富管理與企業活動放緩,或影響手續費收入。
大摩將渣打集團今明兩年稅後淨利潤預測分別下調9%及10%,將匯豐控股稅後淨利潤預測下調9%,預計匯控將在公佈首季度業績時宣佈進一步回購30億美元股份。大摩對兩家銀行H股股各予“增持”評級,匯控目標價由92.3港元降至83港元,渣打目標價由128.3港元降至112港元。
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