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大行評級|瑞銀:予友邦“買入”評級 指內地遊客保險需求仍然強勁
格隆匯 05-29 16:38
瑞銀表示,友邦在瑞銀亞洲投資論上承諾完成目前回購目標,並指以年度產生自由盈餘淨額75%反饋股東,方式透過派息及回購。友邦指年度產生自由盈餘淨額很大程度受實際自由盈餘及新契約盈餘侵蝕影響。實際自由盈餘增長主要由多重新業務推動,新契約盈餘侵蝕與新業務價值有正面關係,但視乎資本消耗、產品及地域組合。報吿引述友邦指,除股份回購,公司尋求透過產生可盈利新業務、利用金融工具減少風險、出售低股本回報業務及優化資本架構以改善整體股本回報率。此外,友邦亦披露香港及內地遊客部門經紀招聘進展良好,內地遊客保險需求仍然強勁。縱使監管機構近期調查個別經紀,對公司餘下經紀業務沒有顯著影響。瑞銀目前給予友邦“買入”評級及目標價96港元。
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