瑞银:予建设银行(00939)“买入”评级 目标价7.4港元

智通财经
30 Apr

智通财经APP获悉,瑞银发布研报称,建设银行(00939)首季业绩逊预期,营收与除税后溢利较四大内银下滑幅度更大,预期市场对业绩反应负面。瑞银对建行H股评级为“买入”,目标价7.4港元。

报告指,建行第一季净利润为834亿元人民币,同比下降4%,低于该行预期,且差过四大内银(除工行外)。营收同比倒退4.8%,同样差过瑞银预期。另外,瑞银指,建行首季净息差较上季收窄7个基点至1.41%,仍为四大国有内银中最高者。惟首季净息差收缩幅度大过同业,原因在于其房贷业务敞口较大,以及第一季较高比例的房贷重新定价。

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