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《大行報告》野村下調友邦(01299.HK)目標價至90.35元 料第三季新業務價值按年轉升7%至7.86億美元
阿思達克 10-25 10:32
野村發表研究報告,預測友邦(01299.HK)首三季新業務價值(VNB)將達到23.22億美元,以實際匯率(AER)計將按年跌9%,以固定匯率(CER)計則跌6%,當中第三季以AER計算將按年增長7%,達到7.86億美元。 該行預期,友邦東南亞業務VNB第三季將出現強勁復甦,AER及CER分別按年增長15%及24%,指出東盟國家大部分已解除防疫封鎖,加上Delta變種病毒令去年同期基數較低,預計友邦主要東盟市場VNB首九個月將CER增長4%,不過由於美元升值,預期AER按年將跌2% 中國業務方面,該行料第三季VNB將在溫和復甦,AER按年增長4%或CER按年增長10%,由於持續封鎖措施,預期第三季復甦步伐將較預期慢。野村又估計,友邦香港業務VNB第三季將按現年持平,低於早前的預期。 野村將友邦2022至2024年VNB預測分別下調7%、9%及11%,現在預計按年增長率為負5%、17%及16%,維持「買入」評級,目標價由93.13元下調至90.35元。
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