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大行評級|摩根大通:予友邦目標價92港元 Tata AIA發掘印度壽險市場潛在價值
格隆匯 07-31 10:05

摩根大通表示,相信友邦保險旗下Tata AIA具有巨大的利潤擴張潛力。該行表示,假設Tata AIA在2024財年的年化新保費(APE)按年增長15%,2025至2023財年的APE按年增長30%。以友邦現時所持有Tata AIA的股份計算,將為集團2030財年的新業務價值(NBV)貢獻12%。摩通亦指,若印度政府允許複合牌照制度,當地的人壽保險公司將可在主要保單中增加更多附加保險,相關因素將會是友邦股價的關鍵催化劑。該行亦預期,Tata AIA在2023財年的NBV利潤率約為25%,至於2025財年的NBV規模將達3億至4億美元。在友邦49%的持股比例下,將貢獻集團NBV介乎4%至7%。

摩通將友邦目標價定於92港元,予以“增持”評級。

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