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《大行报告》汇丰研究:调整内险股目标价 行业中最喜爱中国平安(02318.HK)
阿思达克 09-03 11:34

汇丰环球研究发表报告表示,由於行业竞争影响销售及毛利,料内地寿险业新业务价值前景存不明朗因素,指不同内地寿险公司对代理团队正进行不同阶段的重组及产品整合,将会令内地寿险公司毛利趋势发展不一,但相信内地寿险公司会持续专注高毛利的保障性及医保产品,而经纪代理的生产力改善将成重要因素。

而该行认为,内地财险业前景好坏参半,虽料可受惠於须付的佣金比率及税率低,但赔付率及行政开支按年上升,抵销了佣金比率下降的正面因素。

汇丰环球研究称,中国平安(02318.HK)属该行在内险股中的喜爱股份,其次是中国太保(02601.HK)及中国财险(02328.HK),对此三股均予「买入」投资评级,并维持中国平安目标价128元,但下调中国太保目标价由40元降至38元,将中国财险目标价由12元降至11元。该行亦维持中国人寿(02628.HK)「持有」投资评级,并微升目标价由21元升至21.5元。

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