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《大行報告》高盛下調保誠(02378.HK)目標價至174元 料上半年稅前經營溢利升8%至16.92億美元
阿思達克 08-02 10:22
高盛發表研究報告指,保誠(02378.HK)將於下星期公布中期業績,預期上半年稅前經營溢利將按年增長8%,達到16.92億美元,新業務盈利(NBP)預期按年跌11%至10.52億美元。目標價由179港元下調至174港元,維持「買入」評級。 該行指出,由於疫情下邊境未重新開放,預料保誠內地及香港NBP將按年下降超過20%,貢獻佔比可能會降至40%以下,去年上半年為45%。 高盛認為投資者應轉而關注東盟及新興市場的復甦步伐,預期將成為下半年主要增長動力,預測上半年新興市場NBP將增長8%,當中印度增長最為強勁。 由於新任首席執行官尚未加入公司,高盛未見發展及資本戰略有重大變化,未來將重點關注通脹上升及美元升值的擔憂下,東盟市場增長復甦,以及對IFRS 17的額外披露會否對經營利潤和股息的潛在影響等。
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