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《大行報告》瑞信上調國壽(02628.HK)目標價至30元 料上半年新業務價值增長6.5%
阿思達克 07-20 09:53
瑞信發表報告指,中國人壽(02628.HK)今年上半年總保費按年增長13%,但此意味按月增長勢頭放慢,由5月的增長21%,減慢至6月的增長3%。而代理首年保費增長則預期仍在正數。

該行表示,集團今年上半年的新業務價值料增長6.5%,第二季的增長較首季的上升8%稍為放緩,主因代理效率並未完全恢復,而且新型肺炎個案在北京及吉林等地亦有反彈。另外,國壽第二季國際財務報告準則盈利表現,料受750天債券收益率曲線下降趨勢,造成額外準備金對壓力;去年5月開始稅務新規令純利基數較高;及第二季A股表現較佳等多個因素影響。

瑞信上調國壽股份目標價,由29元升至30元,評級維持「跑贏大市」,並調升集團今年至2022年每股盈利預測1%至3%,以反映A股下半年至今的表現穩固。

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