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《大行报告》大摩:中国平安(02318.HK)参与方正集团重组令市场略感意外
阿思达克 05-03 14:25
大摩发表报告指,虽然早前已有报道指中国平安(02318.HK)有兴趣参与方正集团的重组计划,但考虑到今次交易的规模和平安的参与程度,认为仍可能让市场感到有些意外。

平保公布,授权旗下平安人寿联同代表珠海国资的华发集团,按七三比受让「新方正集团」不低於73%的股权,平安人寿将以370.5亿至507.5亿元人民币对价受让新方正集团51.1%至70%的股权。交易完成後,该公司将成为一个新的子公司,合并到平安集团的财务报表中。

报告指,平安认为这项交易将带来突出的投资回报和长期的协同效应。当中涉及方正的四大核心板块:包括以北大医疗集团、北大医药(000788.SZ)为主的医疗板块;方正证券(601901.SH)、北大方正人寿等金融业务;资讯科技业务的方正科技(600601.SH);及教育业务的中国高科(600730.SH)。平安将利用自身经验和技术为方正的金融业务赋能,收购线下医疗资产可以补充平安的线上医疗服务,并提高其服务能力,即使这种重资本的线下扩张似乎改变了平安之前在轻资产领域的策略。

大摩予中国平安「增持」评级,目标价118元。

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