摩通:中銀香港(2388.HK)首季表現優於預期,重申“增持”評級
格隆匯5月3日丨摩通發研指,中銀香港(2388.HK)今年第一季度營運表現優於預期,收入勢頭強勁,今年首季撥備前利潤按年增長7%至103億港元,按季則升54%,其撥備前利潤和經營利潤均佔2022財年預測的27%,予目標價35.4港元,重申“增持”評級。
該行指出,與其他大型香港銀行的利潤錄得逾40%的跌幅相比,中銀香港的經營利潤錄得正增長,儘管只有1%,但認為已是優於大市,儘管部分投資和交易收入在未來幾個季度可能無法持續,但良好的首季業績為全年預期和優越的股息率提供了良好的緩衝,料短期內其股價將表現將優於大市。該行表示,預計潛在的淨息差和費用收入勢頭在接下來的幾個季度中回升,中銀香港仍然是該行在香港銀行股中的首選股份。
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