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野村:料財險(2328.HK)首季盈利跌14%,升目標價至9.77港元
格隆匯 04-13 17:18

格隆匯4月13日丨野村發研報表示,預期中國財險(2328.HK)一季度淨利潤按年下降14%至77億元人民幣,主要受總投資收益疲軟拖累,料總投資收益按年下降18%至60億元人民幣,認為由於市場競爭減少和疫情的封鎖措施,汽車保險的綜合比率或持續優於預期,將目標價由9.65港元上調至9.77港元,重申“買入”評級,並指公司為財險板塊中的首選。

該行表示,在高基數影響下,今年首季承保利潤可能會按年下降6%至36億元人民幣,估計綜合比率按年增長0.7個百分點至96.4%,而料車險綜合比率可能會優於預期並進一步提高1.8個百分點至95%,並預期今年全年保持在96.8水平,形容該水平“非常能賺錢”,上調今年淨利潤預測1.1%,惟小幅下調今年綜合比率預測0.2個百分點至98.9%。

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