中银香港(2388.HK):深耕本土展望东盟 全球产业布局重塑受益标的

中信建投证券
31 Dec 2024

核心观点中银香港深度覆盖中国香港、东南亚地区,在跟随中资企业“走出去”的过程中,一方面能够为在东南亚设厂的中资企业提供投融资业务,另一方面则在中国香港打造财资中心,利好负债成本改善,形成良性循环。叠加跨境理财需求的不断增长,我们认为中银香港将受益于全球产业布局重塑,营收、利润将实现穿越周期的稳健增长。当前估值处于历史底部,高分红水平稳健可持续,极具配置性价比。摘要全球产业链布局重塑下的发展新机遇:...

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