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《大行報告》匯豐研究下調友邦(01299.HK)目標價至90元 評級「買入」
阿思達克 11-02 10:39
匯豐研究發表報告指,友邦保險(01299.HK)第三季新業務價值(NBV)延續增長勢頭,所有分部NBV都按年增長。新業務銷售仍是主要的增長動力,利潤率方面的逆風已開始緩解。目標價由97元降至90元,以反映調低NBV和內含價值估算。惟目前股價處於五年低位,現水平具吸引力,維持「買入」評級。 該行指,由於銷量和利潤率降低,將NBV預測降低10%至12%,以反映近期內地疫情影響。而由於債券、股票和外匯的不利市場波動,以及較低的NBV估算,降低其內含價值預測6%至7%。
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