研報掘金|中金:維持渣打集團“中性”評級及目標價82.8港元 次季業績小幅高於預期
中金髮表報吿指,經調口徑下,渣打集團第二季營收48.06億美元,較該行和市場預期分別高出0.1%和0.6%,按年增長5.5%;税前利潤18.28億美元,較該行和市場預期分別高出4.8%和11.7%,按年增長14.3%。經調口徑業績小幅高於該行和市場預期,主要來自淨利息收入和信用成本表現較好。報吿指,渣打第二季貸款增長不及該行和市場預期,高利率環境下貸款需求仍不佳。而非息收入略低於該行和市場預期,金融市場和財富管理兩大引擎延續良好表現。中金指,雖然渣打經調口徑税前利潤好於該行預期,但經調口徑外,本季產生1.74億美元津巴布韋業務出售相關的外匯儲備虧損(不影響核心一級資本),且中金上調對其2024年Fit for growth支出的預測,因此下調全年盈利預測4.5%至38.27億美元,大致維持明年盈利預測,並維持“中性”評級,目標價為82.8港元。
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