You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大摩:疫情影響保險銷售大於索償 續看好友邦(1299.HK)及財險(2328.HK)
格隆匯 02-10 13:40
摩根士丹利發表研究報告指,有別於市場部分最初的憂慮,該行認為新型冠狀病毒肺炎擴散似乎較為影響保險公司的銷售活動,多於大幅增加其索償額。現時內地正在實施的隔離措施,令保險經紀難以拜訪客户,因而會在短期令首季的壽險銷售放緩。
不過,目前要調低該行對公司的全年預測仍言之尚早,因為農曆新年假期一向是保險銷售的淡季,而大多數保險公司已於1月初完成“ 開門紅 ”銷售,這通常都佔首季銷售額大比重。
大摩認為,3月份之後仍實施隔離措施或會對保險業今年的業務計劃帶來下行風險。而在財險方面,汽車保險銷售料會出現放緩,因為新車銷售或會在1月份再次面臨壓力。
至於在索償角度看,由於財政部宣佈所有治療新型冠狀病毒肺炎的醫療開支都將由社保支付,因此這會限制保險公司的索償開支。而根據保險條款,仍需要就死亡及重大疾病作出賠償,但到目前為止新型冠狀病毒肺炎的死亡率僅2%,低於SARS的9.6%。
該行仍看好並首選友邦(1299.HK) 及財險(2328.HK) ,認為若新型冠狀病毒肺炎的影響僅在首季,對於友邦目前的整體估值並無影響。回顧以往SARS期間,雖然香港銷售增長跌至零,但在未來數季錄得快速反彈。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account