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《大行報告》瑞銀:匯控(00005.HK)基本面強 料今明兩年股息回報各7厘及10厘
阿思達克 03-01 14:17
瑞銀發表報告指,匯控(00005.HK)去年第四季經調整稅前利潤(PBT)較市場預期高出7%,主要受惠淨利息收入(NII)及非利息收入均大幅改善,令撥備前利潤較預期高出7%。 匯控目標2023年有形股本回報率(RoTE)超過12%,瑞銀預期可達到14%,明年則在審慎的淨利差預測下,預期可達到12%。該行又預料今明兩年匯控股息回報可分別達到7厘及10厘,加上約4%的股份回購,預期每年分派收益率為12%。 根據較保守NII預期,瑞銀對匯控今年每股盈利預測上調3%,並將2024至2025年預測下調6%及13%,港股目標價維持67.1港元不變,並維持「買入」評級。 瑞銀指,匯控基本面前景向好,加上持續削減成本,以及可以較高估值水平處置較不重要的小型業務,認為其持續業務價值被低估。
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