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《大行報告》摩通下調光大銀行(06818.HK)目標價至2.1元 評級「中性」
阿思達克 09-07 09:32
摩根大通發表研究報告指,在光大銀行(06818.HK)公布次季業績後,已將2023至2025年淨息差預測分別下調7、8及8個基點,以反映管理層對今年下半年淨息差持續收窄的指引,以及現有房貸利率下調的影響,因此亦相應將其2023至2025年收入預測均下調3%,盈利預測分別下調1.4%、0.7%及1.2%,目標價由2.3元降至2.1元。 摩通維持對光大銀行的「中性」評級,指出光大銀行的零售業對稅前利潤的貢獻比例較同業低,考慮到企業貸款利率及資產質量將面臨更大下行風險,認為該行盈利前景可見性不高,同時撥備水平及存款增速亦較同業遜色,料將為存款成本和淨息差構成壓力。
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