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大摩给予众安在线增持评级12个月目标价30港元
格隆汇 07-22 14:42
格隆汇7月22日丨大摩7月19日发布研报,给予众安在线(6060.HK)“增持”评级。12个月目标价30港元,相较于上周五19港元的收盘价有58%的潜在上升空间。大摩指出,众安在线是中国首家,也是最大一家纯线上的财险公司。占据0.6%的财险市场份额和12%的线上财险市场份额。总保费收入在过去三年保持了96%的年复合增长率。众安在研发方面投入重金,并试图扩大业务范围,以向其他机构提供保险技术和服务。我们认为,众安显著的增长潜力和技术优势证明,其相对于其它财险同行的估值溢价是合理的。股价潜在刺激因素:1、其保险科技业务的外延扩张;2、三大保险业务板块(消费金融、汽车和健康)实现可持续的保费增长,以达到规模效应;3、营业费用率的持续下降。此外,日资投行大和近期也对众安评级提升至持有。
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