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《大行报告》花旗升人保(01339.HK)及中国财险(02328.HK)评级均至「买入」
阿思达克 09-04 15:46

花旗发表报告指,今年上半年内地保险公司之寿险业务的新业务价值表现分歧,大部分内险上市公司估值吸引,股价对内涵价值比率仅约0.39至0.65倍,惟该行料短期内行业缺乏催化剂,尤其是部分公司更换管理层後未有明确营运方针。

报告补充,相信财险业务上半年已见底,对未来12个月前景转趋乐观。受惠於进一步的监管打击,有利的税收政策和其他如农业和责任保险等强劲增长,预期因汽车保险定价自由化而带来的下行周期会暂缓。

该行将中国财险(02328.HK)评级升至「买入」,且将中国财险目标价由9.7元上调至10.5元,料由於未实现保费准备金的影响下降,将会提高下半年净保费增长;提高费用率及不断增加市场份额;非汽车保险业务的比重上升等。同时该行升人保(01339.HK)评级至「买入」,维持目标价3.8元。该行内险股首选是中国平安(02318.HK)。

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