《大行報告》瑞銀:友邦(01299.HK)為保險股首選 降眾安在線(06060.HK)目標價至30元
瑞銀發表保險股行業報告,指去年在新業務增長、房地產風險等充滿挑戰,認為今年最大不確定性為監管變化和疫情,預計今年行業新業務價值下降 10-15%,不過今年首季按年下降有望收窄。
該行認為,新業務及投資風險已計入股價內,不過,釋放保險股價值,仍需要正面催化劑,惟相信短期內未能出現。友邦(01299.HK)有強勁的執行能力,為保險股首選,維持「買入」評級,目標價由110元跌至108元,內險股則推薦平保(02318.HK)和太保(02601.HK),前者目標價由88元下調至80元,維持「買入」評級;後者目標價由29元降至27.6元,評級「買入」。
該行削減眾安在線(06060.HK)目標價,由41.1元降至30元,預期互聯網保險保費增長因監管增加而有阻力,評級「中性」。
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