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《大行报告》大摩:新华保险(01336.HK)中期新业务价值倒退令人意外
阿思达克 08-29 10:52

摩根士丹利发表报告表示,新华保险(01336.HK)今年中期纯利按年升82%,大致符合公司早前公告,主要是税务回拨及储备释放。

不过,无论如何,该行指新华保险上半年新业务价值按年下滑9%,令市场感到意外,基於其首季首年标准保费增长24%,即其各渠道毛利转坏,令人关注其今年下半年此趋势会否持续。该行关注新华保险管理层对推售短期产品策略的评论、及长远如何提升竞争力。

而大摩予新华保险「与大市同步」投资评级及目标价40元。

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