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《大行報告》里昂下調中國平安(02318.HK)目標價至65元 評級「買入」
里昂發表研究報告指出,中國平安(02318.HK)管理層似乎對公司上半年表現感到滿意,在宏觀環境不確定下,管理層並無提供業務指引,另重申平安的房地產風險可控,將繼續投資優質項目。 倘撇除假設改變及上海封城影響,該行估算中國平安第二季基礎新業務價值(NBV)跌8%,好過業績報告中的17%表列跌幅,相信在按年同期低基數下,下半年新業務價值可錄雙位數增長,但仍不足推動市場在短期內對平安進行重評,因為市場焦點仍將集中於公司改革後首次披露的明年首季NBV表現,以衡量其壽險改革及可持續增長的水平。對其目標價由66元下調至65元,重申「買入」評級。
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