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《大行報告》高盛料匯控(0005.HK)首季列賬基準除稅前利潤逾26億美元 按年跌18%
阿思達克 04-21 10:51
匯豐控股(0005.HK)將於下周二(27日)公布今年首季業績,高盛發表報告,估計匯控今年首季列賬基準收入錄127.01億美元,按年跌7%(按季增8%);估計列賬基準除稅前利潤26.49億美元,按年跌18%(按季升91%);料經調整除稅前利潤41.89億美元,按年升38%(按季升89%);料其今年首季有形股本回報率為3.3%(對比2020年首季4.8%、2020年第四季為1.4%)。該行維持對匯控「買入」投資評級及未來12個月目標價57元。

該行指,從美國銀行同業(如摩根大通(JPM.US)、美國銀行(BAC.US)、花旗(C.US)及摩根士丹利(MS.US))業績所顯示,與資本市場相關的批發銀行業務收入(即固定收益、外匯及大宗商品(FICC)、股票及投資銀行),按季增長約51%(按年增長38%)。料匯控相關業務收入(佔集團總收入24%)會落後美國同業,但增長仍可達到美國銀行同業增長啤打的0.5倍左右。

高盛估計股票市場方面今年良好開端,或可反映在匯控旗下零售銀行理財業務收入增長表現。除此之外,市場對匯控業績重點還將放在淨息差發展以及其他指標,如普通股權一級資本比率、資本充足比率,運營費用等。

此外,高盛亦列出市場同業估計匯控今年首季列賬基準除稅前利潤33.47億美元、估計經調整除稅前利潤43億美元。

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