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《大行報告》高盛:渣打(02888.HK)上季基本稅前溢利低預期9% 料股價影響負面
阿思達克 10-26 14:34
高盛發表研究報告指出,渣打(02888.HK)第三季除稅前基本溢利13億美元,較預期低9%,淨利息收入較低,減值支出較高,聯營盈利下跌,部分被成本控制較好所抵銷。 公司維持今明兩年目標,包括按固定匯率基準計算,今年收入增長12%至14%,明年增長8%至10%,儘管公司將今年淨息差指引小幅下調,由「約」170點子下調至「近」170點子;今年有形股東權益回報達10%,明年料超過11%。 該行認爲,雖然渣打管理層指引基本維持不變,但由於第三季盈利遜預期,以及對稅率指引上調,因此該行料股價將出現負面反應。該行將渣打2023至2026年的每股盈利預測下調2%至12%,對其目標價由90元下調至86元,評級「中性」。
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