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大摩:下調友邦(1299.HK)目標價至92港元 料第三季新業務價值增長放緩至4%
格隆匯 10-18 11:56

摩根士丹利發表報告指,友邦(01299.HK)將於11月15日公佈今年第三季的經營數據,該行預期由於香港社會不穩,友邦第三季以固定匯率計的新業務價值增長會放緩至4%。雖然低於集團正常增長率的逾15%,但該行相信市場已有充分預期,因集團股價自7月中旬開始已下調了15%,對比同期恆指為下跌6%。

大摩下調對友邦的目標價,由97港元降至92港元,評級維持“增持”。另外,又下調集團今明兩年新業務價值增長率至10%及17%。

該行預期,友邦香港在第三季的新業務價值按年將下降10%,主因香港保險業監管局提到內地遊客業務出現雙位數下降,而友邦的內地客業務佔比較高,即使本地市場續有增長,仍將導致香港業務整體新業務價值下跌。

至於香港以外市場,大摩預期集團第三季的新業務價值仍將有15%增長,其中中國繼續為增長最強勁的市場,增長率約為25%,不過較以往的40%至50%相比略有放緩。

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