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大行評級|高盛:上調中金目標價至15.88港元 預期首季後收入增長將放緩

高盛發表報告指,預期中金今年首季後收入增長將逐漸放緩,特別是與市場相關的業務,主要因關稅不確定性對市場的影響,例如日均交易和成交率下降,但超預期的成本控制或有助於抵消疲弱的收入增長。該行又指,跟該行預測相比,最令人意外的是經紀業務和投資銀行業務表現,因該行預期有關業務最受惠於資本市場改善。同時,儘管季內債券收益率上升帶來負面影響,投資收入仍超出該行預測。

該行對中金今年至2027年收入預測下調3%,但上調同期淨利潤預測1%,對中金H股目標價由15.71港元上調至15.88港元,維持“買入”評級。

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