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《大行报告》摩通全线升内银股目标价 上调农行(01288.HK)评级至「增持」
阿思达克 03-22 15:06
摩通发表研究报告指,市场转为看好内银行业,主要受惠宏观经济增长支持,其中资产良好或结构性改善的内银股自10月底第三季业绩披露後开始反弹。随着盈利前景改善,该行料资金将会於今年上半年由高增长及股本回报扩张的内银(招行(03968.HK)、邮储行(01658.HK)和平安银行),转移至资产负债表具流动性和估值吸引的内银,如建行(00939.HK)和农行(01288.HK)。

该行指,是次的升浪会由周期性复苏带动,预期宏观经济於下半年放慢,继续看好基本面稳健、结构性改善和股本回报扩张的银行,首选招行、邮储行和平安银行。

摩通上调内银股2020至2022年盈测分别11%、14%及13%,目标价亦全线上调(另见附表);同时将农行评级由「中性」升至「增持」,料农行的资产负债表和强劲存款可受益於较高的市场利率。

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