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大行評級|美銀:重申匯豐控股“買入”評級 指其仍有上行潛力
格隆匯 03-17 14:54

美銀證券表示,匯豐控股在發佈2024財年業績的同時,管理層提供業務更新。管理層預計在2025年至2027年期間,不包括重大項目,每年的有形股本回報率將達到約15%。此外,滙控還制定2025財年及中期目標。該行認爲關鍵亮點包括中期內財富管理費用及其他收入將實現雙位數的年複合增長率;在2025-26財年將承擔約18億美元的前期重組成本,預計到2027年將實現約15億美元的簡化節省。

在匯控發佈重新細分數據後,美銀證券重申其預估,整體預估基本保持不變。該行對這次更新感到鼓舞。雖然匯控目前股價以約1.2倍2025財年預計市淨率交投並不便宜,但該行仍看到上行潛力,並重申“買入”評級,目標價爲1035便士(ADR目標價現爲67美元,相較之前的64.69美元,主要因匯率調整而上調)。2025年至2027年每股盈利預測分別由1.41美元、1.55美元及1.7美元,下調至1.39美元、1.54美元及1.69美元;2025年股息預測由0.68美元降至0.67美元。

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