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《大行報告》高盛下調中國平安(02318.HK)目標價至69元 評級「買入」
高盛發表研究報告指,中國平安(02318.HK)第三季業績喜憂參半,其中平安壽險及平安銀行營業利潤增長表現強勁,抵銷了財險及資產管理業務的負面影響,但整體而言純利低於預期,主要歸因於股權投資虧損。 該行指,平保第三季新業務價值(NBV)復甦幅度低於預期,反映出第三季疫情及消費市場疲軟的影響,又表示注意平安數字化營業網點改革逐步在全國展開,預期於2023財年對推動NBV增長有幫助。 高盛又指,壽險及財險業務第三季核心償付能力比率均有所改善,平安銀行的核心資本比率亦持續改善。儘管股市波動,但認爲股息下調空間有限。將全年純利預測下調19%,以反映第三季業績遜預期及 10月份市場進一步下滑,維持下半年及全年經營溢利分別增長6%及5%的預測。目標價由74元降至69元,維持「買入」評級。(gc/u) ~
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