智通财经APP获悉，高盛发布研报称，东亚银行(00023)上半年收入符合该行预估，净利息收入和费用收 入低于预期，但被交易收益抵销;每股盈利超该行预期14%。东亚上半年派息比率为45%(高盛预估为 47%)，中期息39港仙，比高盛预估的35港仙高出约10%。整体而言，高盛将东亚2025至27财年各年每股 盈测上调8%、11%及24%，目标价上调12%，从10.5港元上调至11.8港元，评级"沽售"。 报告引述东亚管理层预计2025年下半年净息差将面临逆风，且对贷款增长保持保守态度。高盛预计东亚 2025至27财年贷款同比分别增长2.1%、2.8%及4%，各年存款增长预估则分别上调至5.5%、3.9%及2.9% (此前为增4%、跌0.1%及跌0.2%)。 高盛又假设本轮降息周期净息差对HIBOR的敏感度(NIM beta)为0.16倍，低于2022年上半年至2024年下 半年的0.17倍，因此高盛预测东亚2025至2027财年净息差(NIM)分别为1.78%、1.8%及1.75%，对应净利 息收入同比分别料跌15%、增5%及增0.4%。高盛对东亚2025至27财年净利息收入预估分别降3%、降1% 及增2%。此外 ...

Group 1 - HSBC Research has lowered the target price for Bank of Communications (03328.HK) from HKD 6.6 to HKD 6.3, maintaining a "Hold" rating [1] - The bank reported a year-on-year increase of 1.5% in earnings per share for the first quarter, attributed to better net interest margin trends and reduced credit costs compared to peers [1] - However, the growth in costs was higher than that of competitors, and the upcoming capital injection is expected to dilute earnings per share and dividends [1] Group 2 - HSBC has adjusted its earnings per share forecasts for the company downwards by 1.2%, 3.3%, and 2.7% for the years 2023 to 2027 respectively [1]