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匯證:料港銀第二、三季持續受壓 對行業持謹慎態度
格隆匯 07-09 17:08

匯證發表研究報告指,預期香港銀行在今年第二及第三季將持續受壓,並在第四季開始復甦。該行對香港銀行保持謹慎態度,維持中銀香港(2388.HK)及東亞銀行(0023.HK)“持有”評級,而大新金融(0440.HK)及大新銀行(2356.HK)的評級則為“買入”。

匯證預期,今年第二及第三季,香港銀行淨息差將大幅下跌。隨着環球利率前景不佳,淨息差的跌幅或跟2009及2010年時相若。同時,期內的信貸成本將保持較高水平,主要由於宏觀經濟預測下調,加上上半年銀行收緊信貸。此外,在業務活動減少等情況下,銀行上半年的手續費收入亦有一定壓力。

該行指,由於第三季淨息差的受壓和信貸收緊,相信第四季將出現復甦,而“跨境理財通將令南向及北向投資需求增加,從而推動銀行第四季和明年的手續費收入。

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