---
title: "《大行》大摩列出內銀 H 股今年估值及股息回報預測 (表)"
description: "摩根士丹利發佈中資金融行業展望報告，預測內銀 H 股的市賬率、股本回報率及股息回報。農行預計市賬率為 0.59 倍，股本回報率 9.6%，股息回報 5.1%；工行市賬率 0.48 倍，股本回報率 9.1%，股息回報 5.9%；建行市賬率 0.49 倍，股本回報率 9.7%，股息回報 5.9%；中行市賬率 0.46 倍，股本回報率 8.5%，股息回報 6.1%；郵儲銀行市賬率 0.5 倍，股本回報率"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/272217511.md"
published_at: "2026-01-12T04:32:00.000Z"
---

# 《大行》大摩列出內銀 H 股今年估值及股息回報預測 (表)

> 摩根士丹利發佈中資金融行業展望報告，預測內銀 H 股的市賬率、股本回報率及股息回報。農行預計市賬率為 0.59 倍，股本回報率 9.6%，股息回報 5.1%；工行市賬率 0.48 倍，股本回報率 9.1%，股息回報 5.9%；建行市賬率 0.49 倍，股本回報率 9.7%，股息回報 5.9%；中行市賬率 0.46 倍，股本回報率 8.5%，股息回報 6.1%；郵儲銀行市賬率 0.5 倍，股本回報率 8.1%，股息回報 5%；招行市賬率 0.92 倍，股本回報率 12.6%，股息回報 4%；中信銀行市賬率 0.44 倍，股本回報率 9.4%，股息回報 6.3%；民生銀行市賬率 0.26 倍，股本回報率 5.1%，股息回報 5.8%；交行市賬率 0.42 倍，股本回報率 7.5%，股息回報 5.8%；光大銀行市賬率 0.31 倍，股本回報率 7%，股息回報 6.6%；重農行市賬率 0.4 倍，股本回報率 8.5%，股息回報 6.2%。

摩根士丹利發表中資金融行業今年展望報告，列出對內銀 H 股今年市賬率、年股本回報率及股息回報預測：

股份│今年市賬率預測│今年股本回報率預測│今年股息回報預測

農行 (01288.HK)│0.59 倍│9.6%│5.1%

工行 (01398.HK)│0.48 倍│9.1%│5.9%

建行 (00939.HK)│0.49 倍│9.7%│5.9%

中行 (03988.HK)│0.46 倍│8.5%│6.1%

郵儲銀行 (01658.HK)│0.5 倍│8.1%│5%

招行 (03968.HK)│0.92 倍│12.6%│4%

中信銀行 (00998.HK)│0.44 倍│9.4%│6.3%

民生銀行 (01988.HK)│0.26 倍│5.1%│5.8%

交行 (03328.HK)│0.42 倍│7.5%│5.8%

光大銀行 (06818.HK)│0.31 倍│7%│6.6%

重農行 (03618.HK)│0.4 倍│8.5%│6.2%

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