《大行報告》花旗:內銀上季純利遜預期 股價已反映負面因素 首選建行(00939.HK)
花旗發表報告指,該行覆蓋的22間內地銀行,首九個月撥備前盈利按年下跌3.5%,跌幅大過上半年的2.1%,主要因為淨息差、費用收入及交易收益疲弱,除稅後盈利按年增長2.4%,較上半年的3.2%增幅放緩。大部分該行覆蓋的銀行,第三季撥備前盈利按年倒退,除稅後盈利增長亦減慢,當中浦發銀行(600000.SH)盈利倒退52.9%,表現最差,杭州銀行(600926.SH)盈利增長25.5%,表現最好。
雖然第三季業績疲弱,但該行對內銀看法仍然正面,認為現時的低估值,已反映投資者對資產質素及淨息差前景的關注。在內銀當中,偏好H股大型銀行,今年預測市賬率0.34倍,反映股份被投資者過份懲罰,股息率平均為9.5%,屬吸引水平,內銀當中首選建行(00939.HK)。
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.