智通财经APP获悉，瑞银发布研报称，渣打集团(02888)去年第四季拨备前经营溢利低于预期11%或1.82亿美元，尽管净利息收入优于预期8%。但银行已提醒投资者不要将此超预期表现视为常态。拨备前利润的落差，大约有三分之二来自营运开支的一次性项目，另外三分之一则来自交易业务的库存损失，而这两者均不会影响对未来每股盈利的预测。瑞银重申渣打“买入”建议，目标价由225.1港元上调至229.2港元，此按综合方式作估值。
该行上调渣打每股盈利预测5%至6%，主要受较高收入带动。净利息收入受惠于净息差及存款量增长，而非利息收入则透过财富管理业务推动。数据显示，渣打资产管理规模及财富相关存款去年分别增长25%及18%，该行认为强劲增长将会持续。瑞银预测，渣打每股盈利至2028财年将以每年13%的速度增长，随着业务组合转向财富管理，该行认为股价尚未反映渣打已转变为具备增长溢价及高回报的银行。
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