《大行報告》瑞信下調中國銀河(06881.HK)目標價至5.4元 評級「跑贏大市」
瑞信表示,2022年對中國銀河(06881.HK)而言可能具有挑戰性,因爲平淡市場情緒可能在短期內對集團營業額和孖展融資需求造成壓力,其對市場疲軟的敏感度高於同行,因爲市場相關業務的收入佔其去年收入的55%。
瑞信將中國銀河2022-2023年每股盈利預測分別上調9%和11%,以考慮資產質量改善、強於預期的2021年業績。由於該行提高風險溢價,反映受宏觀經濟不確定性影響,風險胃納下降,將其H股目標價從5.8元下調至5.4元,維持評級「跑贏大市」。
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