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高盛:重申匯控(0005.HK)“買入”評級 料將受惠於跨境理財通
格隆匯 09-10 16:18

高盛發表研究報吿表示,香港銀行一直在積極籌備今年年底前推出的跨境理財通,預計該計劃將允許大灣區居民通過銀行進行高達100萬元人民幣的跨境投資,但受總額度限制雙方各1500億元人民幣,亦指從滬港通中瞭解到,一旦監管機構對此類試點計劃運作感到滿意,配額通常會逐漸放寬,認為匯豐控股(0005.HK)將受惠於此,予匯控目標價61港元,重申“買入”評級。

該行指,匯控是香港最大的銀行,也是中國大陸最大的外資銀行,匯控計劃於2025年向其亞洲財富管理及個人銀行部門投資約35億美元。

該行又指,匯控約20%的收入來自從財富管理業務,由於財富管理及個人銀行部門約40%的收入和約60%的收入來自中國,包括香港,上述地區或提供最大貢獻,在過去5年,財富管理業務的收入及利潤年複合增長率分別為6%和10%,預計2020至2025年的收入或税前利潤的年複合增長率為11%及19%,亦指比較同行上述業務的情況,匯控在資產管理規模(AUM)上處於中等水平。

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