金吾财讯 | 华泰证券发研指，远东宏信(03360)是国内融资租赁龙头，兼顾产业运营。融资租赁是主要业务，1H24贡献约6成收入和8成利润，且息差韧性较强，22年后维持在4.4-4.7%。宏观环境企稳向好有望带动生息资产规模增长，长期看我国融租行业的渗透率和集中度仍将持续上涨，预计24/25/26生息资产同比变动-1.0/3.0/2.0%，考虑到经营杠杆的利润弹性，该行预计资产规模增长将有力推升ROE。该行指，公司高股息率亦值得关注，预计25年股息率约12%。基于ROE或企稳修复和高股东回报，首次覆盖远东宏信，给予“买入”评级，目标价6.4港币。
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