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大行評級|花旗:維持恒生銀行“買入”評級 30億港元回購將受市場歡迎
格隆匯 07-30 15:57
花旗發表報吿表示,恒生銀行上半年純利63億港元,按半年下降22%,按年下降35%。營運利潤85億港元,按半年下降16%,按年下降25%,比共識預期低14%,主要因撥備增加。總收入按半年下降1%,按年增長3%,比市場預期高2%,得益於強勁的非利息收入。撥備費用增至49億港元,按半年增長49%,按年則大增224%,主要因香港商業地產(CRE)撥備增加及預期信用損失(ECL)假設下調。該行指,信貸成本高於預期,可能為恒生帶來短期不確定性,30億港元的股票回購將受到市場歡迎,但焦點可能集中在信貸成本展望上。該行維持對恒生“買入”評級及目標價135港元。
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