野村:料內銀今年收入增長穩定 首選建行(0939.HK)等
野村發表研究報告指,儘管淨息差及資產質素壓力持續受壓,但預料該行覆蓋的內地銀行今年的有穩定的收入增長,主要由於交易量增長加快所致。該行指,繼續偏好具有較高盈利能力的高質量企業,例如招商銀行(3968.HK)。在大型國有銀行中,野村的首選是建設銀行(0939.HK)及工商銀行(1398.HK)。
不過,野村決定調低工行及建行H股目標價約6%至分別6.22港元及7.47港元,農行H(1288.HK)目標價降低7%至3.83港元,而招行H目標價則維持於46.94港元,四股均給予“買入”評級。該行將覆蓋銀行的貸款增長預測上調1至4個百分點。目前,該行預期,工行、建行、農行、招行的貸款增長為10%、12%、13%及14%。
該行認為,銀行的淨息差在今年餘下時間仍將繼續受壓,並可能會持續至明年。一年期的貸款市場報價利率(LPR)將再下調5至10個基點,同時自3月起,政府要求企業貸款及按揭貸款採用LPR,或導致明年貸款利率有下行壓力。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.