《大行报告》野村上调太平(00966.HK)目标价至20.53元 评级「买入」
野村发表研究报告,指出将太平(00966.HK)2021及2022财年的寿险新业务价值预测上调4.8%,主要是受到新业务价值对首年保费利润率提升至21.2%所推动,较该行早前预期高出1个百分点,以反映其今年来采用了以价值为中心的新战略。现时预期太平的寿险新业务价值在2020至2022财年分别下跌39%、增长20%及增长12%。
该行预计,太平的首年保费在2021及2022年分别增长15%及12%,以反映疫情後的保费增长强劲复苏。相信公司首季度将保持强劲的势头,主要是因为公司目标在2021年达到约50万名代理,而现时仅得37万名代理;以及提高代理的质素及生产力。
该行将公司目标价上调10%至20.53元,维持「买入」投资评级。
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