You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨國聯證券:中國人保7月財險增速短期承壓、人身險業務延續向好
國聯證券13日研報指出,中國人保(601319.SH)7月財險增速短期承壓、人身險業務延續向好,靜待公司精細化管理紅利不斷釋放下帶來的規模和盈利雙增長。從COR來看,受杜蘇芮颱風等自然災害的影響,公司 2023Q3 的 COR 預計將有所提升,但考慮到公司持續優化業務結構、提升精細化管理能力以及再保分出的安排,疊加充足的未決賠款準備金,公司財險業務全年的承保端仍有能力保持在較好的盈利水平,長期來看我們依舊看好公司財險紮實的基本面和卓越的盈利能力。鑑於公司財險板塊承保端的優異表現、人身險業務負債端迎來顯著復甦,該行給予公司財險板塊1.35倍PB(公司2023年ROE預計為13.5%),給予公司壽險板塊0.6倍PEV(參考可比公司中國平安0.6倍),合計給予公司2023年1.22倍PB,目標價6.9元,給予“買入”評級。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account