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《大行報告》高盛降友邦(01299.HK)目標價至83元 料次季新業務價值跌42%可望見底
阿思達克 08-06 14:12
高盛發表報告指,友邦保險(01299.HK)將於8月20日公布今年上半年業績,由於香港將入境旅客強制檢疫措施延至今年年底,投資者已下調對集團的新業務銷售預期至跌15%至20%。該行相信,投資者亦預期友邦近期的毛利率下跌,因集團需要穩定代理收入,以避免代理流失率高,估計集團今年上半年經營利潤按年增長3%,較去年同期的增長8%有所放緩,主要反映在保費收入降低下固定成本的影響。

該行認為,香港損失內地旅客銷售,是對友邦上半年新業務價值的最大拖累,由於旅遊限制持續,估計有關情況會在下半年繼續,但預計新業務價值可望在今年第二季見底。

高盛調整對友邦新業務價值預測,第二季由原來預期按年跌37%,下調至跌42%;上半年由原來預期按年跌31%,下調至跌35%;而下半年預測亦由跌10%,下調至跌27%。另外,該行調低集團股份目標價,由86元降至83元,維持「買入」評級,並列入「確信買入」名單。

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