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《大行報告》瑞銀上調友邦(01299.HK)2022至2024年新業務價值預測1%至3% 評級「買入」
瑞銀發表研究報告,上調友邦保險(01299.HK)2022至2024年新業務價值預測1%至3%,反映內地本土需求復甦及澳門處理內地客戶離岸需求潛力,維持投資評級「買入」及100元目標價。 報告引述瑞銀調查,顯示縱使內地與本港未通關影響本港保險商離岸銷售,但本港保險商提供的價值仍對內地客戶具吸引力,三分之二受訪者希望在通關一年內來港購買保險產品。該行分析亦顯示本港離岸保險銷售、美元與人民幣息差及人民幣貶值具高度關連性。 該行亦指,友邦在內地業務展現強勁執行力,分支由2018年以前的5個增至目前的9個,按毛保費收益計可接觸內地逾51%市場,預期友邦繼續每年可在一至兩個新省份建立據點,與中郵保險及郵儲銀行(01658.HK)建立夥伴關係,亦有助友邦進入內地龐大市場。友邦內地業務新業務價值亦已於第三季轉正,優於同業的雙位數下跌,反映友邦更快適應行業狀況及消費者偏好轉變。
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