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招行:「非標債權」3~5個月內達標 @ 2013-04-03T17: Back Hot News
Keyword:招行
Concept:銀監理財產品 , 派息比率維持
2012 年招行歸屬於母公司股東的淨利潤為452.73 億元,同比增長25.31%;每股收益2.10 元,公司此前已發布業績預增公告。4 季度存放拆放同業款項大幅增長。NIM 環比上升5 個基點。主要是由於同業負債成本環比下降超過同業資產收益降幅,抵消了存貸利差的下降。不良環比升幅略有放緩,下半年逾期占比仍小幅上升,不過升幅較上半年明顯放緩。「二次轉型」穩步推進,非按揭類個貸、中小、小微貸款占比提升。理財產品風格穩健,非標類僅略超標一點點,預計3-4 個月內即可達標,上調13/14 年盈利預測2.5%/3.6%,預計13-15 年盈利增長7.3%/14.9%/11.5%。目前13 年動態PE 和PB 分別為6.91 和1.24 倍,維持長線買入評級和19.66 港幣的目標價。(雙雙)
受經濟下行、企業經營風險加大等影響,招行不良貸款余額和比率實現「雙升」。報告期末,招行不良貸款余額116.94億元,比年初增加25.21億元;不良貸款率0.61%,較上年末增加0.05個百分點;但不良貸款撥備覆蓋率仍維持在行業較高水平,為351.79%。

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