《大行報告》瑞信料友邦(01299.HK)中期業務價值按年跌三成 維持「跑贏大市」
瑞信發表的研究報告指,友邦(01299.HK)將在8月20日公布上半年業績,估計新業務價值將為15.4億美元,按年跌31%,低於市場預期的16.04億美元,單計次季則料為6.99億美元,予公司「跑贏大市」評級,目標價82元。
該行認為內地帶領復甦,惟經紀活動仍未回復至正常水平,而香港的勢頭仍維持弱勢,一來因為封關措施仍然存在,二來是在岸銷售受疫情拖累,而在東南亞市場方面,受鎖國措施由第一季尾延續至次季影響,主要市場受嚴重影響,而利潤亦同樣受壓。
該行考慮到區域股市及外匯的影響,估計上半年公司內涵價值將為620億美元。在息口維持低位下,料友邦將調整對經濟的估算,認為投資者應聚焦新行政總裁的策略,特別是針對中國市場方面。
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