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《大行報告》瑞信料國壽(02628.HK)上半年新業務價值按年跌13.8% 表現優於同業
阿思達克 08-01 14:01
瑞信發表研究報告指,預期中國人壽(02628.HK)上半年新業務價值(VNB)將按年跌13.8%,次季按季比較則略有改善,新業務首年標準保費預期於第二季按年回升超過20%,而利潤率料續按年輕微下滑。 該行指出,國壽上半年VNB表現優於大多數上市同業,7月份估計增長勢頭較次季更強勁,下半年將進一步改善,預測全年VNB按年跌10%,即下半年VNB跌約2%。至於2023年,瑞信認爲國壽VNB能否實現正增長,則很大程度上取決於經濟復甦表現及消費者信心。 瑞信預測國壽上半年稅後淨利將按年下跌38%,意味第二季按年料跌17%,並將2022至2023年每股盈利預測下調2%及1%,2024年預測下調5%,維持「跑贏大市」評級及目標價15元不變。
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