大和料中国平安(2318.HK)上半年净利润将按年增长45%至55%
大和发表研究报告指,预料中国平安(2318.HK)今年上半年的净利润将按年增长45%至55%,主要受惠于投资收益增长及对保险的一次性税收修订影响,但同时亦受到金融科技部门稍微拖累。
大和表示,平安寿险的保费收入在今年上半年实现9%的增长,而个人首年业务保费收入(FYP)就录得9%的下降。该行认为,今年第二季个别新业务表现将持平,主要由于经纪有较多销售策略、代理人数增长疲弱等。该行又认为,其主要产品的折扣将有助改善FYP,但可能会对平安寿险长期保护业务的新业务价值构成压力。
该行又预料,平安寿险的新业务价值在今年上半年将录得4%的增长,主要由于首季的扩张。同时估计第二季将有温和增长,主要受到产品竞争及代理趋势较弱影响。野村预料,集团的内含价值(EV)增长将为11%。
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