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《大行報告》瑞銀降中國平安(02318.HK)目標價至60元 業績好壞參半
瑞銀發表研究報告指,受累於資本市場波動、信用風險上升、謹慎配備等因素影響,中國平安(02318.HK)2023年的稅後經營溢利(OPAT)按年下跌20%。不過集團同期的核心業務,包括人壽、財產與意外保險,以及銀行業務的OPAT相對較有彈性,按年下跌2.8%。 該行指,當宏觀經濟及市場環境變得相對穩定,預期集團於2024年的OPAT將出現反彈。不過相關表現會因季度而有所不同,並認為集團2024年第一季OPAT表現,會繼續受累於去年的負面因素而面臨壓力。不過另一方面,隨著各類負面因素慢慢緩和,OPAT的按年趨勢在往後數個季度將逐步出現改善。 另外,瑞銀相信中國平安穩健的資本狀況及融資的靈活性,將帶動公司每股派息在往後繼續增長。因此將中國平安的目標價由61元下調至60元,維持「買入」評級。(js/k) ~
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