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《大行报告》中金料内银H股指数今年上涨逾60% 看好四大内银、招行及光行
阿思达克 01-07 15:42
中金发表报告,2021年年初两个交易日A股及H股银行指数各下跌3.01%及1.61%,主要源自近期部分投资者对政策的误读导致的悲观情绪释放,昨日(6日)A股及H银行指数各上涨2.37%及1.3%,以上错误判断得到一定修正。向前看,该行再次重申全面看好内银股。

该行指,内银股目前处於业绩「V」型反转的起点,处於风险溢价因素反转的起点,处於估值仓位反转的起点。该行认为宏观经济复苏趋势明确,信用条件向常态收敛,贷款定价随需求走高,宏观环境有利於银行营业收入和资产质量端持续好转。向前看,该行预计A股及H股银行指数於2021年上涨空间有望超过各50%及60%,看好内银H股多於A股,基於修复及增长逻辑。

中金指,内银个股层面,看好报表修复加快的平安银行(000001.SZ)、兴业银行(601166.SH)、光大银行(06818.HK)及其A股(601818.SH)、四大行A股及H股和受益於新一轮业绩估值分化的招行(03968.HK)及其A股(600036.SH)和宁波银行(002142.SZ)。

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