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里昂:升財險(2328.HK)目標價至11.5港元 評級“買入”
格隆匯 11-18 11:09

里昂發表報告指,若內地車險保費自由定價機制持續,相信中國車險保費將會進入長達兩年的下跌週期。不過,受惠於成本管控得宜,車險業務承保表現穩健,有助業務重點順利過渡至非車險產品。

該行喜歡財險(02328.HK),認為市場對財險期望一直較低,在減息週期較壽險公司具防守性,料其非車險部份於2021年佔收入50%,增長幅度約20%,加上中國農業、健康及債務等發展亦為非車險的產險提供發展潛力。該行將財險目標價自10.8港元上調至11.5港元,認為投資者應敦促公司增加派息,維持“買入”評級。

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