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研報掘金丨華泰證券:興業銀行戰略目標清晰,應享受一定估值溢價,予“買入”評級

華泰證券研報指出,興業銀行(601166.SH)注重高質量發展,壓降票據、同業資產等低收益資產,增加一般性貸款投放,並重點投向綠色、科技、高端製造業,持續調優資產結構,服務實體經濟。5月7日興業銀行獲批籌建金融AIC(註冊資本100億元),爲首家獲批的全國性股份行。通過設立AIC可整合集團資源,提供“股債貸”等綜合金融服務,滿足企業多元化融資需求,更好發揮興業“商行+投行”優勢。重點領域資產質量維持穩健,關注零售潛在壓力。興業預計25年新發生不良和減值計提同比回落。公司戰略目標清晰,應享受一定估值溢價,維持25年目標PB0.65倍,25年目標價25.60元,“買入”評級。

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