You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行报告》中金:续看好低估值及高息的内险股 推荐国寿及新华保险
阿思达克 09-21 14:22
中金发表报告指,中国债券利率持续上行,保险股估值的核心变量出现扭转。由於第一季长端利率的快速下行,市场对於低利率的担忧持续压制保险股估值。随着第二季以来长端债券利率稳健上行,市场预期开始扭转,该行认为将是驱动保险股估值修复的核心变量。

该行提到,行业新业务增速低点已过,开门红按年增速或有改善,预计行业下半年行业新业务增长弱复苏,新业务价值按年降幅收窄。由於上半年行业新业务的负增长已经推动市场下修今年增长预期,下半年增速低於预期可能性不大。

中金预计,行业将更加重视明年的开门红,同时银行理财收益率下行客观上有利於储蓄类保单销售,因此预计开门红预售阶段新业务按年将重回正增长 ,并有望超预期。

中金表示,港股中继续看好低估值及高股息的中资保险股,推荐中国人寿(02628.HK)及新华保险(01336.HK),两企评级均为「跑赢行业」,目标价分别30元及43元。同时,该行重申看好友邦保险(01299.HK)增长前景,认为今年的短期挑战导致的股价调整提供了买入机会,对其评级为「跑赢行业」,目标价95元。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account