大行評級|高盛:上調東亞銀行目標價至10.7港元 上調今明兩年每股盈測
高盛發表研究報吿指,東亞銀行去年下半年錄每股盈利0.83港元,勝該行預期。去年下半年收入因為較高的淨利息收入及費用收入而高過該行預期4%。去年下半年經營開支低過該行預期4%,導致撥備前利潤勝該行預期12%。而該行整體商業房地產借貸佔總貸款組合23%,比2023年的25%有所回落,而單以香港商業房地產計,平均按揭成數為53%,而逾期帳款比率維持低水平。管理層指,不良貸款比率屬可控。高盛料東亞今年至2027年的借貸成本會逐步回覆正常,目前分別料78個、73個及70個基點。整體而言,該行上調公司今明兩年的每股盈利預測分別17%及11%,並料2027年的每股盈利為1.73港元。該行將公司目標價由9.6港元上升至10.7港元,維持“中性”評級。
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