《大行報告》野村下調衆安在線(06060.HK)目標價至22.88元 評級「中性」
野村發表報告指,衆安在線(06060.HK)發盈警,預料去年淨虧損介乎13億至15億元人民幣,遜於該行及市場預期。該行相應地下調預測,預計集團2022財年盈轉虧,蝕13.8億元人民幣,同時料去年總投資收入按年跌72%至6億元人民幣,其總投資回報則降4.8個百分點至1.6%。另外,該行預料,承保利潤按年增67%至1.25億元;綜合成本率由2021年的99.6%,降0.2個百分點至2022年的99.4%,該行認爲綜合成本率改善,可能是由於監管嚴格導致在線保險業務競爭減少,費用率降低,以及集團通過多元化業務渠道提高營運效率。
該行將公司今年及明年純利預測各下調14%,並將其目標價由25.21下調至22.88元,意味仍有7.4%上行空間,維持評級「中性」。(ca/k)
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