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《大行报告》瑞信:调整内险股目标价 首选平安(02318.HK)及太保(02601.HK)
阿思达克 01-07 14:23
瑞信发表研究报告,维持对内险股长远基本面具建设性的看法,认为今年复苏仍未平衡,因仍受疫情影响,而开年销售令人惊喜有助股价向上,但仍需耐心等候稳定而持续的复苏。

该行预期10年期中国国债息率维持稳健,对A股有支持,利好内险行业。而在财险方面,目前保费增长持续有压力,因汽车保险价格改革和竞争加剧,预期综合成本率将恶化。

该行又指,在支持性的宏观经济条件下,今年新业务销售和新业务价值复苏仍然有增长,预期寿险有改善,首选中国平安(02318.HK)和中国太保(02601.HK)。

瑞信调整内险股目标,上调对中国平安目标价由110元升至119元,维持「跑赢大市」评级;升中国太保目标价由37元升至42元,维持「跑赢大市」评级;下调中国人寿(02628.HK)目标价由30元降至25元,维持「跑赢大市」评级;调低新华人寿(01336.HK)目标价由46元降至42元,维持「跑赢大市」评级。

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