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《大行報告》摩通降中國平安(02318.HK)評級至「中性」 中港保險股偏好友邦(01299.HK)及財險(02328.HK)
摩通發表研究報告指出,雖然中國壽險公司的股價於2021年出現大幅回調,但認為要重新審視他們仍為時尚早。 該行指出,在今年首季的新償付能力框架(C-ROSS II)下,並不預期內地大型險企的資產負債表規模出現重大下降或資產配置出現變化,但基於內地趨嚴的銷售流程等情況,估計內險今年首季銷售表現將令人失望,今年餘下時間業務復甦前景放緩。 該行將中國平安(02318.HK)評級由「增持」下調至「中性」,主要由於其缺乏近期催化劑。另將中國人壽(02628.HK)的2022財年新業務價值增長預測下調5%,至7%的個位數增長。在中港保險股中,該行相對較喜好友邦(01299.HK)及財險(02328.HK),主要由於其收入增長多元化,以及收益具防禦性,評級「增持」(詳見另表)。
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