Market Brief

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王富榮先生 (Chris Wong)
助理經理

現任職輝立助理經理,對投資大中小型股票均經驗豐富,亦擅於以窩輪、牛熊證操作。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
Phone:
3925 9299

中銀香港 02388.HK 進軍東盟

Monday, January 16, 2017 Views7204

中銀香港 02388.HK 繼出售南洋商業銀行後,早前再宣佈出售集友銀行,作價 76.85 億,市帳率 1.6
倍,雖然作價略低於預期,但交易有助提升核心一級資本比率 1% 及佔 2017 年淨利潤 12%,對提升銀行的整體資產質素有極大幫助。

根據 2015 年公佈其戰略審視及未來戰略重組,公司下一階段料將向母公司中國銀行 03988.HK
洽購東盟資產,逐部推動該行成為區域性銀行,把握一帶一路機遇,加上其美元融資成本低於同業,故該行可能為內地機構尋找海外併購時的首選銀行。

集團去年首 9 個月錄得提取減值準備前的淨經營收入 312 億元,較去年同期上升
3.1%,剔除一次性收益影響,淨經營收入增幅則擴闊,提取減值準備前的經營溢利 223.36 億元,增長
2%。單計第三季度,提取減值準備前的淨經營收入 104.82 億元,較第二季下跌 6.9%,但較第一季增加
10.5%。提取減值準備前的經營溢利74億厄,按季倒退 10%。

另外集團於去年 10 月已完成收購母公司馬來西亞業務,該業務相等於集團上半年總資產
0.7%,是次收購顯示出該行在東盟地區擴張的第一步,有標誌性作用。


買賣策略
買入: $27-28 收集   目標價: $32    止蝕價: $25.8

本人王富榮為證監會持牌人士。截至本評論文章發表日止,本人及/⁠⁠或其有聯繫者並無持有全部提及之證券的所有相關財務權益。

 

 
 
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