大摩:匯控(0005.HK)首季業績勝預期,上調今明兩年盈測
格隆匯4月27日丨匯控(0005.HK)昨日公佈首季業績,大摩發研報指,匯控首季列帳基準税前利潤42億美元,高於市場預期,惟較該行預期為低,因為其淨利息收入及成本方面的表現不錯,其預期信貸損失低於預期,亦恢復撥備緩衝,分別上調今年及明年的每股盈利預測4.8%及1.2%,維持目標價59港元,予“與大市同步”評級。
該行表示,英國淨息差特別強勁,再加上更強大的貸款渠道,尤其是商業銀行,上調今年的淨利息收入預測3.2%。該行指,公司重申其盈利指引,下調今年的普通股權一級資本比率(CET1)預測,將今年的股份回購保持在10億美元,公司預計今年的貸款增長將達到中單位數,而預期利率走高推動淨息差擴大,亦增加明年有形股本回報率(ROTE)能超過10%的信心。

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