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《大行報告》瑞銀升人保(01339.HK)及財險(02328.HK)評級至「買入」 上調目標價
瑞銀發表報告,將中國財險(02328.HK)評級由「中性」升至「買入」,目標價由7.8元升至10.9元,並將2023至2025年盈測上調介乎4%至10%,以反映潛在準備金釋放和產品組合改善;料期內綜合成本率介乎97.7%至97.9%,較原先料介乎98.4%至98.7%為佳。 報告指,財險目前股價相當於預測今年市賬率0.7倍,仍低於五年平均水平和2020年的水平,認為市場尚未完全考慮其優越盈利能力,並且仍然擔心任何潛在的負面監管發展,但該行認為發生可能性不大。 考慮人保集團有逾90%盈利來自產險及意外險業務,瑞銀同時將人保集團(01339.HK)評級由「中性」升至「買入」,H股目標價由2.8元升至3.3元。
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