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星展:中資券商股估值吸引 行業首選中信證券、中金及廣發證券
格隆匯 05-25 16:41

星展發表報吿指,A股市場去風險化週期將結束,加上內地券商資產負債表轉強,相信撥備減少的情況將會持續,與該行在首季看到的情況類似,首季內地券商撥備按年減少43%,撥備減少有助提升券商盈利,券商亦能更有效地調動資本。

另外,內地券商首季資產管理業務收入大增41%,主要由於管理資產增加及收費趨穩,相信未來仍將是內地券商的穩定收入來源,其中廣發證券(1776.HK)、中信證券(6030.HK)及華泰證券(6886.HK)定位有利捕捉相關升幅。

報吿指,內地券商股份現價為平均今年市帳率的0.8倍,估值吸引屬買入機會,其中中信證券、中金(3908.HK)及廣發證券為行業首選,目標價分別26港元、29元及16.2元,評級均為“買入”。

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