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野村:料新華保險(1336.HK)下半年NBV強勁增長 重申買入評級
格隆匯 08-26 13:18

野村發表研究報告預期,新華保險(1336.HK)下半年在生意額及毛利率方面業務策略將更平衡,相信新業務價值(NBV)會強勁復甦,預料該公司將是利率回升的主要得益者,重申買入評級,目標價為41.05港元。

野村報告指出,新華保險中期業績符合預期,上半年純利按年下跌22%至82億人民幣,比野村預估低20億人民幣,但綜合收入及淨資產分別較預測高出約7%及1%,年化後的股本回報率為19%,按年保持穩定。

報告又説,新華保險次季純利倒退50%,上半年壽險NBV按年減少16%,低於野村預測,但撇除折現率假設調整後,內涵價值高出預期約1.5%。

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