《業績前瞻》券商料工行(01398.HK)中期淨利潤按年增1.4% 聚焦營運前景指引
國家金融監督管理總局上月底公佈內地銀行上半年淨利潤按年增2.6%,本網綜合4間券商預期工商銀行(01398.HK)2023年中期淨利潤介乎1,706.57億元至1,758億人民幣,較2022年中期1,739.3億人民幣,按年下跌0.5%至升2.5%;中位1,739.3億人民幣,按年升1.4%。
綜合4間券商,預期工行2023年中期經營收入介乎4,304.68億元至4,356.08億人民幣,較2022年中期4,437.88億元,按年下跌1.8%至跌3%;中位4,334.61億人民幣,按年升2.3%。人行近日發表次季貨幣政策報告指商銀盈利狀況會隨經濟週期波動,對此應理性看待,投資者將關注建行管理層最新營運前景、涉內房行業信貸風險、派息比率指引等。
【宏觀存挑戰 淨利潤微升】
摩根大通料工行2023年中期淨利潤1,743.15億人民幣按年升1.6%,料中期營業收入4,333.92億元人民幣按年跌2.3%;該行料工行今年第二季淨利潤841.51億人民幣按年升3%(按季跌7%),估計次季營業收入2,149.31億元人民幣按年跌1%,其中料淨利息收入按年跌1%至1,735.37億人民幣,料淨息差1.75%(按年收窄22個基點),估計成本收入比率28.4%,料次季非利息收入按年跌3%至413.94億人民幣,並估計次季撥備前利潤(PPOP)1,537.91億人民幣按年跌4%,料第二季末的股本回報率9.5%(按年跌33個基點及按季跌73個基點)。
野村估計工行2023年中期淨利潤1,758億人民幣按年升2.5%,料中期營業收入4,335.3億人民幣按年下跌2.3%。該行估計工行今年第二季淨利潤844億人民幣按年升3.8%,受惠撥備損失較少,並估計次季撥備前利潤(PPOP)按年跌2.2%,估計次季末的股本回報率10%。該行預計工行2023年第二季度成本收入比按年增長1個百分點至27.5%。
-----------------------------------------------
本網綜合4間券商預期工行2023年中期淨利潤介乎1,706.57億元至1,758億人民幣,較2022年中期1,739.3億人民幣,按年下跌0.5%至升2.5%;中位1,739.3億人民幣,按年升1.4%。
券商│2023年中期淨利潤預測(人民幣)│按年變幅
野村│1,758億元│+2.5%
摩根大通│1,743.15億元│+1.6%
瑞銀│1,735.44億元│+1.2%
美銀證券│1,706.57億元│-0.5%
按工行2022年中期純利1,715.06億人民幣計
-----------------------------------------------
綜合4間券商,預期工行2023年中期經營收入介乎4,304.68億元至4,356.08億人民幣,較2022年中期4,437.88億元,按年下跌1.8%至跌3%;中位4,334.61億人民幣,按年升2.3%。
券商│2023年中期營業收入預測(人民幣)│按年變幅
瑞銀│4,356.08億元│-1.8%
野村│4,335.3億元│-2.3%
摩根大通│4,333.92億元│-2.3%
美銀證券│4,304.68億元│-3%
按工行2022年中期營業收入4,437.88億人民幣計
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.