You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》高盛:港銀現價反映美國今明兩年減息共400點子 下調目標價
高盛發表研報指,若將香港銀行股以P/PPOP(市值/撥備前經營溢利)估值與過去五年中位數比較,則港銀現價水平反映美國聯儲局今明兩年或減息共400點子;即在熊市情況下如果美聯儲降息幅度較高盛預測的多100個基點,則港銀的股價較現時有平均約30%的下跌空間。 該行指,雖然市場普遍預期在減息週期里,銀行的盈利及股價都會受到影響,但高盛認爲減息但同時不出現經濟衰退的情況下,港銀的股價及估值會持續受到支持。另外今輪加息週期中,港銀股價及市盈率不升反降,該行認爲反映出其目前估值處於歷史低位,淨息差下降導致股價及估值下跌的空間有限。 高盛維持對渣打(02888.HK)、中銀香港(02388.HK)及匯控(00005.HK)的「買入」評級,並維持恆生(00011.HK)的相對「沽售」評級不變,。因應撥備潛在下降,高盛將港銀2023至2026財年每股盈測平均下調1%、5%、10%及3%,目標價平均下調4%(詳見另表)。
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.
uSMART
Wealth Growth Made Easy
Open Account