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中金:下調太保(2601.HK)AH股目標價 維持中性評級
格隆匯 09-22 12:46

中金髮表研究報告表示,剔除疫情帶來的低基數,中國太保(2601.HK)新業務增長短期內復甦概率較低,基本面持續面臨挑戰,下調公司今年每股盈利預測25%至2.6元人民幣,下調其H股和A股目標價分別為27港元和38元人民幣,考慮公司的股息仍將對估值帶來一定保護,因此維持中國太保H股和A股中性評級。

中金指,全行業代理人渠道在2018年被動進入轉型調整,預計該調整將持續至明年,拖累公司新業務增長,預計未來中國太保壽險營運利潤增長速度將放緩,在財險業務方面,車險綜合改革也給規模和盈利能力帶來較大挑戰。

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