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《大行報告》野村下調中國平安(02318.HK)目標價至69.92元 評級「買入」
野村發表研究報告指,在銀保合作推動下中國平安(02318.HK)首季度新業務價值(NBV)表現超出市場預期,但期內稅後經營利潤按年下跌3.4%,較野村預期低7.6%,預期是受到財險、資產管理板塊及平安銀行科技業務較弱所拖累。 期內淨利潤按年增長49%,基本符合預期,年化淨資產收益率提高5.2個百分點至17%,總投資回報率則上升至3.3%。野村指出,平保首季壽險NBV增長轉正,按年升8.8%,較預期高出3.7%,與管理層指引一致,維持「買入」評級,目標價則從70.11元降至69.92元。
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