You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大摩:維持恆生銀行(0011.HK)目標價110港元 評級減持
格隆匯 07-24 16:20

摩根士丹利發表研究報告指,由於淨息差(NIM)壓力增加,因此在銀行股公佈上半年業績前,下調2020年盈利預測,料NIM半年下跌約20個基點,並預計下半年仍將繼續承壓。在沒有加息的情況下,該行認為收入壓力將增加恆生銀行(0011.HK)的下行壓力,但維持目標價為110港元,評級減持。

大摩表示,上半年利率大幅下降,較低的融資成本所帶來的緩解效果,不足以抵銷資產收益率的壓力,認為下半年面臨更多挑戰,因最近香港銀行同業拆息已走低30個基點。該行預測,中銀香港(2388.HK)及匯豐銀行今年NIM收縮將更深,將超過30個基點。該行預計中銀香港及恆生銀行上半年撥備前利潤按年分別下降4%及7%。

不過,大摩認為,中銀香港有增長支持,予其中性投資評級,目標價24港元,並予東亞銀行增持投資評級,目標價23港元。

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.
uSMART
Wealth Growth Made Easy
Open Account