《業績前瞻》券商料恆生(00011.HK)上半年稅前溢利多賺92%至1.16倍 估中期息增逾57%
恆生銀行(0011.HK)將於下周二(8月1日)公布今年中期業績。市場憧憬可受惠次季本港銀行同業拆息上升令淨息差擴闊,本網綜合3間券商料恆生2023年中期除稅前溢利介乎104.41億至117.72億元,較2022年中期除稅前溢利54.39億元,按年上升92%至116.4%。
綜合5間券商預期恆生2023年中期收入介乎167.28億元至178.92億元,較2022年同期123.56億元,按年上升35.4%至44.8%;中位數168.84億元按年升36.6%。本網綜合4間券商,預期恆生2023年上半年每股派息共2.2元,較2022年同期1.4元,按年上升57.1%。市場將關注恆生銀行管理層對未來淨息差指引,並關注集團涉及內房行業信貸敞口影響等。
【淨息差擴闊 料派息增加】
富瑞料恆生銀行今年上半年除稅前溢利錄104.41億元按年升92%(按半年升74%),料上半年純利錄86.84億元按年升96.4%(按半年升72.5%)(市場同業料81.63億元),料總體收入按年升33.6%至199.7億元,估淨利息收入錄168.7億元按年升36.5%(按半年升1.5%),料淨手續費收入25億元按年跌4.7%。該行料恆生2023年每股中期息派2.2元按年升57.1%。
瑞銀估計恆生銀行今年上半年除稅前溢利117.72億元按年升116%(按半年升96.2%),估計中期純利100.26億元按年升113%(按半年升近84%),料淨利息收入按年升40.9%至174.13億元,料淨息差2.1%(按年及按季各擴闊58個及9個基點),估計淨手續費收入28.17億元按年升7.4%。該行料恆生上半年股本回報率達11%,並料恆生2023年每股中期息派2.2元按年升57.1%,估截至今年6月底普通股權一級資本比率為16.8%。
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本網綜合3間券商料恆生2023年中期除稅前溢利介乎104.41億至117.72億元,較2022年中期除稅前溢利54.39億元,按年上升92%至116.4%。
券商│2023年中期除稅前溢利預測(港元)│按年變幅
瑞銀│117.72億元│+116.4%
花旗│116.07億元│+113.4%
富瑞│104.41億元│+92%
按恆生2022年中期除稅前溢利54.39億元計
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綜合花旗及瑞銀料恆生2023年中期純利介乎95.86億至100.26億元,較2022年中期純利47.04億元,按年升103.8%至113.1%。
券商│2023年中期純利預測(港元)│按年變幅
瑞銀│100.26億元│+113.1%
花旗│95.86億元│+103.8%
按恆生2022年中期純利47.04億元計
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綜合5間券商,預期恆生2023年中期收入介乎167.28億元至178.92億元,較2022年同期123.56億元,按年上升35.4%至44.8%;中位數168.84億元按年升36.6%。
券商│2023年中期淨利息收入預測(港元)│按年變幅
海通國際 │178.92億元│+44.8%
瑞銀│174.13億元│+40.9%
大摩│168.84億元│+36.6%
富瑞│168.7億元│+36.5%
花旗│167.28億元│+35.4%
按恆生2022年中期淨利息收入123.56億元
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本網綜合4間券商,預期恆生2023年上半年每股派息共2.2元,較2022年同期1.4元,按年上升57.1%。
券商│2023年上半年每股派息預測(港元)│按年變幅
花旗│2.2元│+57.1%
瑞銀│2.2元│+57.1%
大摩│2.2元│+57.1%
富瑞│2.2元│+57.1%
按恆生2022年上半年每股派息1.4元計
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