野村:微降友邦(1299.HK)目標價至80.68港元 評級“中性”
野村發表研究報告指出,由於新冠疫情持續,因此友邦(1299.HK)第三季業務增長動力依然疲弱,微降目標價0.7%,由81.22港元減至80.68港元,維持“中性”評級,認為中國平安(2318.HK)的價值較高,予“買入”評級。
野村報告指出,友邦今年第三季新業務價值(以固定匯率計算)按年下跌28%,今年首三季亦跌34%,反映踏入第三季後,增長動力依然未見起色,按季比較,新業務價值則上升22%。由於疫情影響內地與香港通關,因此香港業務持續不振,拖累整體表現。
報告説,撇除預扣税影響後,友邦來自內地的新業務價值按季持平,預計待疫情過去後,內地業務將可錄得30%的複合年均增長。
野村已調低友邦2020/21/22年度的新業務價值預測分別7%/7%/4%,現時估計有關年度新業務價值將按年-26%/+24%/+27%。

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