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大行評級丨瑞銀:建設銀行首季業績遜預期 予其“買入”評級及目標價7.4港元
瑞銀髮表報吿指,建設銀行首季業績遜預期,營收與除税後溢利較四大內銀下滑幅度更大,預期市場對業績反應負面。報吿指,建行第一季淨利潤為834億元,按年下降4%,低於該行預期,且差過四大內銀(除工行外)。營收按年倒退4.8%,同樣差過瑞銀預期。另外,瑞銀指,建行首季淨息差較上季收窄7個基點至1.41%,仍為四大國有內銀中最高者。惟首季淨息差收縮幅度大過同業,原因在於其房貸業務敞口較大,以及第一季較高比例的房貸重新定價。瑞銀對建行H股評級為“買入”,目標價7.4港元。
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