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招商證券國際:予新華保險(1336.HK)目標價34.6港元 維持“中性”評級
格隆匯 12-06 17:06

招商證券國際發佈報告稱,新華保險(01336.HK)管理層透露了更多關於“1+2+1”策略的細節,以保護類型的人壽保險產品為公司主要關注點,以財富管理和保健服務作為該業務的兩翼,通過考慮相同客户的不同人生階段和不同客户各自的產品需求,共同擴張並豐富新華保險的業務。

在資產/財富管理方面,管理層鼓勵財富管理部門從事第三方客户經理(AM)業務;在銀行保險產品方面,該行指新華保險將加強與銀行的協同作用,利用銀行的客户基礎在線上與線下兩方面把握高質量客户,將市場拓展到年輕客户層面等。

該行與管理層一致認為,由於對儲蓄產品和銀行保險產品的高度關注,新華保險的產品結構發生了變化,因此2020年新業務價值的利潤率將下降,維持新華保險“中性”評級,目標價34.6港元。

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