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《大行报告》瑞信料友邦(01299.HK)去年新业务价值按年跌32% 维持「跑赢大市」评级
阿思达克 02-26 14:31
瑞信发表研究报告,指出友邦保险(01299.HK)将於下月12日开市前公布2020年度业绩,估计期内新业务价值录28亿美元,按年跌32%,第四季则录6.89亿美元,按实际汇率计按年跌23%;内含价值录651亿美元,按半年增长9%;税後经营溢利59亿美元,按年增长3.1%;每股派息按年增3%至1.3元。

内地业务方面,该行预期公司第四季的新业务价值疲弱,这是因为公司的首要任务是今年「开门红」的销售准备工作,而不是追求去年的目标;利润率受压;以及疫情的持续影响。然而新业务销售今年来表现强劲,首季的新业务价值增长料录双位数增长。

香港业务方面,第四季的新业务销售仍疲弱,因为本地销售受到疫情影响。内地人士之保险业务维持接近零,澳门边境重开後,新业务价值销售强劲,意味内地旅客对香港保险的需求具韧性。该行维持友邦的目标价为120元,投资评级在「跑赢大市」不变。

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