《大行報告》野村下調友邦(01299.HK)目標價至85.48元 評級「買入」
野村表示,友邦(01299.HK)第三季新業務價值7.41億美元,以實際匯率計按年升1%,按固定匯率則升7%,比該行預期低6%。期內年化新保費按年升2%,新業務價值下降0.4個百分點至58%。在低基數效應下,新業務價值實現正增長,主要由東盟市場的強勁增長復甦帶動,但增速低於該行的預期。
野村下調友邦今年新業務價值預測1.6%,反映第三季業績,預期全年下跌6%,維持「買入」評級。基於1.7倍的股價對內涵價值比率(PEV),目標價由90.35元下調至85.48元。
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