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《大行報告》大和料友邦(01299.HK)第三季新業務價值按年升7%至7.35億美元
阿思達克 10-19 09:46
大和發表研究報告,指出友邦保險(01299.HK)將於11月11日公布第三季業績,該行預期公司按固定匯率(CER)(下同)計新業務價值(VONB)按年升7%至7.35億美元。 該行認為,隨著內地於7月以來放寬防疫措施,友邦於內地的新業務價值應實現正增長。雖然第二季「封城」輕微影響第三季的代理人數,但預期友邦保險中國新業務保費按年增長超過20%。至於香港業務則持續面對挑戰,料友邦香港第三季新業務價值按年跌9%。另預期東盟大部分市場需求改善,料友邦新加坡及馬來西亞的新業務價值錄介乎約13%至17%增長,友邦泰國及集團其他市場則可能按年跌約10%。 大和重申對友邦的「買入」評級,目標價維持142元,認為公司仍是亞洲區保險股中的首選,並料公司新業務價值由第三季起復甦,由2022年上半年的跌13%,至下半年轉為正增長,2023年料升17%;並受惠靈活中國戰略;股東回報強勁,預測未來12個月達6.7%,受惠急速回購及今年下半年稅後經營溢利復甦。
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