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.
《大行報告》星展升財險(02328.HK)目標價至12.5元 合適產品組合推動承保增長
阿思達克 01-26 14:51
星展發表研究報告指,合適產品組合推動財險(02328.HK)承保增長。雖然集團去年第三季的自然災害損失較預期高,但由於汽車行業利潤穩健及非汽車行業轉向高品質增長,預計公司將在2023財年完成98%的綜合成本率(COR)目標,又預計其於2024及2025財年的保費增長將較預期強勁,從而進一步改善未來的承保利潤。 該行表示,去年的數據顯示自然災害損失高於平均水平,主要影響到汽車、農業和商業房地產的COR,預測2024及25財年的COR分別為97.7%和97.6%。根據公司管理層的討論,其自然災害損失普遍較低。該行料其2024及2025財年的承保利潤將分別上升2.8億及30億元人民幣,而任何低於預期的自然災害損失都可能為盈利帶來潛在的上行驚喜。另外,該行提到,國債投資期限的不斷延長,將有利於提高調整後的投資報酬率,且具有免稅性質。 星展上調財險2024及2025財年的盈測6%,並將目標價由11元升至12.5元,評級為「買入」,續為行業首選。(sl/~
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