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小摩:维持汇丰控股(00005)“增持”评级 目标价升至83港元

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小摩发布报告称,维持汇丰控股(00005)“增持”评级,对明年回购预测由40亿美元上调至90亿美元,目标价由81港元升至83港元。公司第三季整体业绩数据大致符合市场及该行预期,但30亿美元回购计划规模,则超过市场及该行预期的20亿美元水平。

该行提及,汇控管理层于业绩简报会上传递出建设性讯息,关键正面因素包括对交通银行(03328) 使用价值(VIU)的评论、资本回报率下行风险担忧纾缓,以及管理层对内地商业房地产风险评论表明,相对于目前指引,预期信贷损失比率上行风险有限。

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