摩根大通:重申招行为行业首选 目标价上调至58港元

金融界
08 Oct 2024

  摩根大通发表报告指出,相信由零售带动的A股升势正在加剧,故看好零售业务强势的银行。该行调高平安银行评级至“增持”;重申招行为行业首选,评级“增持”,目标价由42港元升至58港元。该行分析显示,若服务费收入与银行活期及储蓄存款占银行总存款(CASA)比率正常化,招行和平安银行的RoE分别有437个基点和375个基点的上升空间。在过去零售及资金情绪强劲时,两间银行均出现重大的倍数重估。该行将招行2025和2026财年盈利预测分别上调3%和8%,主要由于CASA比率较高(2021年66%,2024年上半年51%,22025年57%)。

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