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華泰證券料壽險企業今年新業務價值可重回正增長 指現是佈局時機
中資保險股今日搶高,中國平安(02318.HK)及國壽(02628.HK)股價各升3.8%及3.9%,中國太保(02601.HK)股價彈高近7%。 華泰證券近日發表報告表示,過去十年在宏觀環境壓力增加和自身基本面惡化的雙重壓力下,內地壽險股估值震蕩下行,在2022年觸及了有史以來的低點。該行指,壽險H股投資者更關注利率變化和基本面變化。 展望2023年,該行認為大部分內地壽險公司新業務價值有望實現正增長,利率環境相對穩定,權益市場向好將有力支撐壽險股估值修復。建議積極關注中國平安(02318.HK)、國壽(601628.SH)、友邦保險(01299.HK)。 該行預計4個核心估值驅動因素均有較大概率改善或者企穩,將有力支持保險股的估值修復。該行預計大部分壽險公司都有望擺脫過去三年新業務價值負增長,重回正增長軌道;利率水平相對穩定,甚至不排除穩中有升,有利於緩解投資者對利差損的擔憂。該行指,目前壽險股估值處於歷史低位,估值驅動因素有望好轉,認為目前是佈局壽險股的好時機。(wl/k) ~
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