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》中金料友邦(01299.HK)去年按實際匯率新業務價值增31%
中金公司發報告表示,對友邦保險(01299.HK)2023年全年業績持樂觀態度,維持其跑贏行業的評級,目標價94元,對應2024年預測P/EV為1.8倍,較當前股價有50%的上漲空間。 中金預計友邦去年按實際匯率計算的新業務價值(VONB)按年增長30.8%至40.4億美元,預計在固定匯率下的VONB增長更為強勁,達到33%。儘管除稅後經營溢利(OPAT)按年略為下跌1.4%,但每股股息預計將按年增長2%。 報告特別關注了內地及香港市場表現。內地市場方面,儘管第四季度因定價利率調整而出現短期疲軟,但預計2024年第一季度將實現低雙位數的正增長。友邦在中國市場的重疾險銷售預計將持續增長,且表現好於同行。 至於香港市場,中金預計2023年友邦香港VONB按年升94%,主要受通聯初期存在需求集中釋放所帶動,在隨著時間推移,大陸客戶赴港購買保險金額會有所降低,業務增長趨勢放緩,但預計香港保險對大陸客仍有較高吸引力,因此未來仍將為友邦香港提供穩定增長動能。 此外,中金亦有提到友邦於泰國市場的表現或較為亮眼,預計2023年VONB將實現19%的增長。 中金公司指,由於2023年以來外資流出,導致友邦的股價走勢已與基本面背離,建議投資者關注外資流向,尋找買入機會。更上調了友邦2023年和2024年每股收益預測至0.52美元和0.73美元,並首次引入2025年的EPS預測為每股0.75美元。
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