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.
《大行報告》美銀證券:美匯轉弱 料匯控(00005.HK)賬面價值會轉強
阿思達克 01-08 14:43
美銀證券發表研究報告指,美元轉弱帶動以美元為單位的匯控(00005.HK)收入增長,同時公司有一半存款為美元以外貨幣及與美元掛鉤的港元,故推算美元每下跌5%,將帶動60億美元的股權價值提升。該行因應美元下跌更新盈利預測。目前公司正增加非美元區的成本,尤其英國,減少美元變動對稅前盈利影響。

該行指,美國國債息率刺激匯控股價,雖然公司目前主要以低年期、低風險債券為主,故無直接參與10年期債券,但長債息率亦潛在反映息率上升走勢。不過,短期而言,被HIBOR低企所抵銷,因公司存款盈餘大多以港元為主。

該行預期全年業績公布之時,將公布額外成本和風險資產減少計劃,相信減少低回報資源會受到歡迎,而因應重組計劃持續至2023年,或限制除股息外其他資本回報,維持「跑輸大市」評級,目標價42.52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