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研報掘金|中金:維持友邦保險“跑贏行業”評級 業務增長走勢穩固
格隆匯 03-17 11:09
中金髮表研究報告指,友邦保險業務增長走勢穩固,去年新業務價值按實質匯率計按年增17%,按固定匯率計按年升18%,稍微差過市場及該行預期,主要因爲去年第四季相對疲弱的銷售。公司的稅後經營利潤按實質匯率計每股按年升11%,按固定匯率計按年增12%。公司宣佈新一輪的16億美元股份回購計劃,規模不如市場及該行預期。該行基於在內地的新業務轉型所帶來的短期影響,將對今明兩年的每股稅後經營利潤預測分別降1.5%及1.8%,至各5.2港元及5.8港元,維持“跑贏行業”評級及目標價74港元。
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