《大行報告》美銀證券下調重農行(03618.HK)目標價至3.5元 評級「買入」
美銀證券發表報告指,重慶農村商業銀行(03618.HK)上半年淨利潤按年增長11.3%,比該行預期高0.4%。撥備前利潤按年增長0.1%,勝預期1%。上半年,淨資產收益率按年上升0.4個百分點至12.4%。CET1比率維持在12.8%的高水平。
美銀證券指,由於宏觀不確定性,將資本成本由19%提高到20%,將2022至2024年盈利預測調整0至3%,目標價由3.6元下調至3.5元,由於資產質素的改善、低估值和高股息率,維持「買入」評級。
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