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《大行報告》大摩降中國平安(02318.HK)最牛目標價至82元 評級「增持」
摩根士丹利發表報告,下調中國平安(02318.HK)2023年至2025年的每股營運盈利預測各3%、2%及2%,主要受財險產險(P&C)和銀行業務調整所影響。當中P&C業務因應公司持續清理部分虧損業務而下調,至於銀行業務亦因宏觀經濟環境所帶來挑戰而下調。因此大摩將中國平安「最牛」情境目標價由85元下調至82元,維持「基本」情境目標價48元,評級為「增持」。 大摩亦指中國平安於2023年完成四年改革,壽險業務實現高於同業的新業務價值增長及保險代理人生產力,並相信相關表現在未來能夠維持。另外,公司在房地產領域採取寬鬆措施的背景下持續清理資產負債表及收緊風險限額,不過考慮到中國現時的宏觀經濟及投資環境,中國平安在去風險及營運獲利方面仍需一段時間回復成長軌道。
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