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《大行報告》瑞信下調中國平安(02318.HK)目標價至95元 評級「跑贏大市」
阿思達克 04-24 10:17
瑞信發表報告表示,中國平安(02318.HK)今年首季新業務價值(VNB)按年下跌24%,符合該行預期,主因首年保費收入表現疲弱,由於產品組合改變,整體毛利率按年下跌3.4個百分點至33.4%。該行預期,平安毛利勢頭在今年餘下時間料改善,主因恢復正常營業以及於下半年在監管改變後推出新危疾產品所帶動。壽險代理人數按季減少3%。

報告補充,中國平安首季稅後純利按年下跌約43%,市場預期今年度將跌18%。該行下調其2020至2022年度盈利預測分別9.3%、6.7%及6%,以反映首季業績及投資表現疲弱的因素,故目標價由100元降至95元,維持「跑贏大市」評級。

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