《大行報告》野村下調眾安在線(06060.HK)目標價至29.49元 評級「中性」
野村發表報告,重申對眾安在線(06060.HK)「中性」評級,目標價由34.01元下調至29.49元,主要原因是保費增長放緩,可持續凈資產收益率從之前的23%下調至21%,以及對科技業務的估值降低。在該行的中國產險覆蓋範圍內,更偏好中國財險(02328.HK)。
展望未來,野村指,隨著對網上保險業務的監管日益收緊,將眾安2021財年和2022財年的保費增長預測分別下調5個百分點和8個百分點至22%和18%,以反映比預期更大的監管壓力。
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