大摩:渣打(2888.HK)第四季度業績憂喜參半,盈利遜預期
渣打集團(2888.HK)昨公佈去年度全年業績,大摩發研報指,其第四季度業績憂喜參半,第四季度除税前基本溢利錄1.39億美元,低於該行預期,但其7.5億美元的股份回購則高於預期,渣打新的中期回報目標亦高於該行預期,該行認為其重點將為派息,而其今年的撥備前利潤指引僅與該行預期符合,有待其2023年的表現,予目標價58.5港元及“與大市同步”評級。
該行表示,渣打第四季總收入為33.3億美元,按年升4%,按季跌12%,低於該行及市場預期,淨利息收入則略勝預期,而隨着市場走軟,非利息收入則遜於預期,並形容其信貸減值情況令人失望,其末期息每股9美仙亦較預期為低。
該行指出,管理層表示今年全年收入增長預期在57%的基本目標範圍之內,全年經營開支預期將增長至107億美元,而中期貸款損失撥備將處於30-35個基點範圍的正常水平,而該行則預測相關水平將於處於33個基點,料將對今年表現有正面驚喜。

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