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《大行报告》大和上调惠理(00806.HK)目标价至5.7元 评级「跑赢大市」
阿思达克 03-15 11:17
大和发表研报指,惠理(00806.HK)去年内地业务持续扩展,私募基金管理人及来自保险业务资产管理规模(AUM)及客户人数均见增长,受资产管理新规对合规水平的要求收紧,来自银行的业务AUM按年下降。

该行预期,惠理未来将专注於拓展网络等分销渠道,今年料与3至5个分销夥伴达成合作,并扩充销售团队,相信惠理可成为中国金融业开放下的受益者。

大和提到,去年AUM中固定收入占比由44%降至30%,股票则由53%升至67%,今年首两个月趋势持续,预期费率较高。大和将目标价由4.8元上调至5.7元,以反映今明两年盈利预测提升1%至13%,维持「跑赢大市」评级。

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