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《大行》富瑞:內銀今年平穩向好 偏好中行(03988.HK)及寧波銀行(002142.SZ)
富瑞發表研究報告,預期2026年內地銀行業在宏觀經濟溫和復甦、政策波動性低的背景下,盈利將穩步改善。該行預計,淨息差收窄幅度放緩,帶動淨利息收入恢復增長,預計涵蓋銀行2026年撥備前經營利潤將全面復甦,盈利按年增長約3.4%。報告指出,資金流向將持續對內銀板塊構成支持,尤其是保險公司在新的會計準則下,增加配置高收益股票並分類至FVOCI帳戶的誘因增強,預期將...
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《大行》富瑞:內銀今年平穩向好 偏好中行(03988.HK)及寧波銀行(002142.SZ)
Recommend
26
Positive
48
Negative
17
 
 

富瑞發表研究報告,預期2026年內地銀行業在宏觀經濟溫和復甦、政策波動性低的背景下,盈利將穩步改善。該行預計,淨息差收窄幅度放緩,帶動淨利息收入恢復增長,預計涵蓋銀行2026年撥備前經營利潤將全面復甦,盈利按年增長約3.4%。

報告指出,資金流向將持續對內銀板塊構成支持,尤其是保險公司在新的會計準則下,增加配置高收益股票並分類至FVOCI帳戶的誘因增強,預期將成為持續而穩定的邊際買家。

該行認為內銀板塊具選擇性吸引力,看好同時擁有資金流向持續性及盈利能見度恢復的股份,首選H股及A股分別為中行(03988.HK)  +0.070 (+1.341%)    Short selling $310.47M; Ratio 24.854%   及寧波銀行(002142.SZ)  -0.130 (-0.406%)   ,均予「買入」評級。

富瑞列出內銀評級及目標價:

公司與股票代碼│評級│目標價
------------------------------------------------------------------
工商銀行(01398.HK)  +0.040 (+0.571%)    Short selling $237.73M; Ratio 21.913%   │買入│8.5港元
工商銀行(601398.SH)  +0.070 (+0.968%)   │買入│8.7人民幣
------------------------------------------------------------------
農業銀行(01288.HK)  0.000 (0.000%)    Short selling $129.75M; Ratio 29.424%   │持有│6.6港元
農業銀行(601288.SH)  +0.100 (+1.502%)   │持有│7.4人民幣
------------------------------------------------------------------
中國銀行(03988.HK)  +0.070 (+1.341%)    Short selling $310.47M; Ratio 24.854%   │買入│6.3港元
中國銀行(601988.SH)  +0.040 (+0.699%)   │買入│7.4人民幣
------------------------------------------------------------------
建設銀行(00939.HK)  0.000 (0.000%)    Short selling $524.14M; Ratio 32.838%   │買入│10.6港元
建設銀行(601939.SH)  +0.130 (+1.353%)   │買入│11.9人民幣
------------------------------------------------------------------
交通銀行(03328.HK)  +0.060 (+0.822%)    Short selling $68.91M; Ratio 52.915%   │買入│8.5港元
交通銀行(601328.SH)  +0.050 (+0.749%)   │買入│8.5人民幣
------------------------------------------------------------------
郵儲銀行(01658.HK)  0.000 (0.000%)    Short selling $28.12M; Ratio 47.683%   │持有│5.1港元
郵儲銀行(601658.SH)  +0.030 (+0.600%)   │持有│5.3人民幣
------------------------------------------------------------------
招商銀行(03968.HK)  +0.260 (+0.551%)    Short selling $87.86M; Ratio 24.952%   │買入│55.0港元
招商銀行(600036.SH)  -0.070 (-0.185%)   │買入│51.0人民幣
------------------------------------------------------------------
民生銀行(01988.HK)  -0.090 (-2.486%)    Short selling $25.17M; Ratio 26.931%   │持有│4.1港元
民生銀行(600016.SH)  -0.010 (-0.274%)   │持有│4.2人民幣
------------------------------------------------------------------
平安銀行(000001.SZ)  -0.090 (-0.808%)   │買入│13.8人民幣
------------------------------------------------------------------
寧波銀行(002142.SZ)  -0.130 (-0.406%)   │買入│42.1人民幣

(ad/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-14 16:25.) (A Shares quote is delayed for at least 15 mins.)

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