《大行報告》瑞信下調太保(002601.HK)目標價至26元 評級「跑贏大市」
瑞信認為,太保(02601.HK)新業務價值按年下跌25%,略低於該行預期,主要是由於利潤率收縮,並預期受業績欠佳經紀持續削減和高基數影響,太保新業務價值於2022年首季將按年下降40%,料降幅或於2022年次季起收窄。
儘管盈利增長穩固,惟每股股息令人失望,該行將太保2022年及2023年每股盈測削減10%,將目標價由31元調低至26元,維持評級「跑贏大市」。
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