汇丰环球研究发表报告指，内银板块于去年及今年至今录得出色的股价表现，并在亚洲银行中名列前茅。此表现令全球基金经理感到意外，许多人询问重估是否会持续。该行表示对内银保持建设性看法，主要考虑到贷款增长与费用的初步复苏迹象；有利的资本市场资金流动；以及不高的估值，即使不确定性出现仍具防御性。
该行上调对内银个股的目标价，将2024至2026财年的可归属利润预测下调2.6%至上调2.6%。该行偏好的内银板块股份包括招商银行AH股(03968.HK) (600036.SH) 、工商银行H股(01398.HK) 及中国银行H股(03988.HK) 。另外，汇丰将农业银行H股(01288.HK) 评级由“买入”降至“持有”，主要考虑到其高于同业的市盈率与市净率估值倍数，但低于同业的核心一级资本充足率，这可能在未来国家注资时导致更高的稀释风险。
汇丰环球研究上调对农行(01288.HK) 目标价由4.1元升至4.7元，将招行(03968.HK) 目标价由48.7元升至56.2元，将工商银行(01398.HK) 目标价由5.6元升至6.6元，将中行目标价由4.2元升至5元。(js/w)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-05 16:25。) (A股报价延迟最少十五分钟。)
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