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《大行報告》野村下調眾安在線(06060.HK)目標價至23.58元 評級「中性」
阿思達克 07-21 11:16
野村發表研報指,眾安在線(06060.HK)日前發盈警,預期上半年虧損介乎6.5億至7.5億元人民幣。該行預測眾安上半年歸屬股東淨虧損將達到3.75億元,集團虧損為6.97億元,當中主要受投資疲軟和匯兌損失所拖累。 集團上半年總投資收益或按年下跌81%至1.85億元人民幣,年化投資回報率按年下跌4.8個百分點至1%。惟野村預期,承保利潤可能按年大幅增長92%至9,500萬元人民幣,保費增長帶動公司從嚴格監管的負面影響中有所恢復,估計上半年總保費收入可按年增長7%。 按業務劃分,野村預計健康生態和數字生活業務將成為主要增長動力,將實現雙位數按年升幅;而汽車保險保費增長可能會反彈至40%;疫情打擊下消費金融業務保費收入預期下降15%。 基於上半年虧損,野村將2022至2024年每股盈利預測分別下調59%、7%及6%,目標價從27.62元下調至23.58元,維持「中性」評級。
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