《大行報告》高盛:人行下調一年期LPR利率5點子 料對內銀影響中性
高盛發表報告指,中國人民銀行昨日(20日)下調一年期LPR利率5點子至3.8%,至於五年期LPR則維持4.65%不變。該行估計是次利率下調對內銀的盈利影響中性,因早前人行降準帶來的成本節省可以抵銷,同時預計銀行業在存款和短期公司貸款業務方面的差異或會擴大。
報告提到,行業信貸成本有逆轉趨勢,即大多數銀行在今年第三季後的信貸成本增加。該行重申對招商銀行(03968.HK)及郵儲銀行(01658.HK)的「買入」評級,其中郵儲銀行H股列「確信買入」名單。至於交通銀行(03328.HK)則重申「沽售」評級。
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