大摩：升招商银行目标价至63.4港元更新风险回报评估

智通财经2025-12-19

摩根士丹利发布研报称，已更新招商银行（600036）(03968)的风险回报评估，并在其第三季业绩公布后，调整了对招行的盈利预测;并基于第三季度业绩后净息差复苏较预期缓慢，下调了对该行净息差的预测。因此，大摩将招行2025至2027年的每股盈利预测分别下调1%、2.9%、3.1%;并考虑到招行H股相对招行A股(600036.SH)一直存在溢价，大摩在对招行H股市账率时，移除了此前其对招行H股采用的...

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大摩：升招商银行目标价至63.4港元 更新风险回报评估

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大摩：升招商银行目标价至63.4港元更新风险回报评估