大行評級|中銀國際:相信招行今年將保持同業中最高股本回報率 目標價降至53.82港元
中銀國際發表研報指,招商銀行2025財年第一季盈利小幅下跌,因招行持續爲實體經濟提供強而有力的金融支持。期內歸屬淨利潤按年下降2.1%,而2024年按年增長1.2%。與此同時,招行保持優異的資產質量,不良貸款率下降,季內不良貸款撥備保持較高水平。
該行提及,招行在零售業務市場保持強大競爭力,其高端客戶在今年首季度持續增長。截至今年3月底,招商銀行零售客戶總數達2.12億,較去年12月底增長1%;零售客戶資產管理總額餘額達15.57萬億元,較去年12月底增長4.3%。
該行相信,招行在今年將保持同業中最高的股本回報率,維持“買入”評級,目標價由54.22港元下調至53.82港元。
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