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研報掘金|華泰證券:下調中國銀河目標價至9.1港元 維持“買入”評級

華泰證券發表報吿指,中國銀河首季實現營收75.58億元,同比增長4.77%;淨利30.16億元,同比增長84.86%,在業績預增公吿的區間上沿。公司投資按年增長亮眼,經紀、投行、資管等輕資本業務持續增長,維持“買入”評級。

考慮到4月以來權益市場有所調整,該行指適當下調對中國銀河投資類收入等假設,預測2025-2027年淨利潤為113億、124億及133億元,預計公司2025-2027年每股盈利分別為1.04元、1.14元及1.22元,前值分別為 1.06元、1.19元及1.32元,下調2%、4%及8%,目標價由10.31港元降至9.1港元。

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