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研報掘金|中信證券:維持友邦保險“買入”評級 目標價83港元

中信證券發佈研究報吿稱,維持友邦保“買入”評級,目標價83港元。

公司首季新業務價值同比增長31%,回購計劃新增20億美元,此外公司更新資本管理措施,超出預期。強有力的渠道策略和區域策略帶來價值增長高確定性,資本管理提高股東回報率。報吿稱,友邦積極進行資本管理,捍衞股東利益,有望帶來股價反彈和估值修復。參考第一季情況及新派息政策,調整2024至2026年EVPS預測至6.23、6.87及7.56美元,之前預測為6.34、7.00及7.68美元,當前PEV為1.3倍,對應ROEV為13%,估值依然處於合理區間偏低位。

中金指出,作為公司最主要依賴的內地和香港市場,預計友邦次季總體上面臨基數壓力,但不改變公司穩健的發展勢頭以及全年新業務價值增速領先上市同業的判斷。

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