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《大行報告》瑞信:國壽(02628.HK)首季新業務價值稍勝預期 評級「跑贏大市」
阿思達克 04-28 11:15
瑞信發表研究報告指,國壽(02628.HK)首季新業務價值按年增7.7%稍勝預期,雖然表現落後於部分同業的雙位數增長,但集團堅持產品策略並需面對相對較高的基數。該行料集團第二季的新業務價值將加快增長。在第二季度及下半年,保險公司將力求實現銷量增長和利潤率改善。 該行提到,在新會計準則下,由於集團更加市場化的投資資產估值方法與資本市場的復甦重疊,除稅後淨利潤按年飆升78%。集團的代理人數量按季下降0.9%至66.2萬人,與同行相比更為穩定。每個代理人的平均新業務價值按年增長逾20%。在今年次季,集團表示其代理人人數將開始觸底反彈,這應該會提高2023財年的增長可見度。該行予目標價17.5元,評級為「跑贏大市」。
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