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研報掘金丨平安證券:常熟銀行盈利增速穩健,維持“強烈推薦”評級
格隆匯 07-24 17:09

平安證券研報指出,常熟銀行2025年1-6月營收和盈利增速皆保持穩健,1-6月營收和歸母淨利潤分別同比增長10.1%/13.6%,基本持平1季度增速水平,營收表現預計與小微客羣的強定價能力以及債市利率下行相關。看好零售和小微業務穩步推進。公司始終堅守“三農兩小”市場定位,持續通過深耕普惠金融、下沉客羣、異地擴張走差異化發展的道路,零售與小微業務穩步發展,維持公司25-27年盈利預測,預計公司25-27年EPS分別為1.33/1.52/1.73元,對應盈利增速分別為15.3%/15.0%/13.7%,目前公司股價對應25-27年PB分別為0.78x/0.70x/0.63x,長期看好公司小微業務的發展空間,維持“強烈推薦”評級。

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