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潘文傑先生 (Tommy Poon)
助理經理

現任職輝立助理經理。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
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本地銀行股壓力漸大

Monday, September 30, 2019 Views725

踏入下半年, 本地銀行業受到眾多內外負面因素夾擊, 包括評級機構穆迪對本地兩間大型銀行- 滙豐香港及�生銀行的外幣長期存款評級展望,由「穩定」降至「負面」; 中美貿易糾紛陰晴不定, 全球經濟蒙上陰霾, 本地政治和經濟前景不明朗, 影響影響貸款需求; 市場孳息曲線平坦不利銀行擴闊息差; 銀行資產質素有下跌風險等。

 

根據金管局最新半年度報告, 受非利息收入減少以及貸款減值撥備及營運開支增加影響, 2019年上半年,零售銀行整體稅前經營溢利較去年同期增長0.6%, 較2018年全年14.3%的同比增幅急速放緩。

 

展望下半年, 本地銀行之間傾向保持以較高存款息率爭奪新存戶和存款, 但經濟活動和貸款需求疲弱, 加上環球長息偏低, 削弱了銀行轉嫁利息成本予借款人的能力, 息差有收窄壓力 ; 銀行資產質素有轉壞風險, 銀行或會提升撥備; 而非利息收入也會受疲弱投資市場和消費者信心等因素影響。因此預期本地銀行下半年經營環境更具挑戰性, 建議投資本地銀行股前, 留意以上風險。


 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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