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大行評級|瑞銀;預計友邦保險首季新業務價值按年增長8.5% 目標價降至88港元
格隆匯 04-17 12:05
瑞銀髮表報告指,預計友邦保險首季以固定匯率計算新業務價值按年增長8.5%。當中,香港市場以固定匯率計算新業務價值預計實現雙位數增長,主要由代理渠道推動。內地市場則預計錄得單位數跌幅,原因包括利潤率壓力及高基數效應。另外,報告指,友邦4月14日啓動的16億美元回購計劃預計在3個月內完成,平均每日回購金額2600萬美元,相當於30天日均成交量的7.9%,與此前120億美元回購計劃的力度一致。原計劃該16億美元回購將於2025年底完成,加速回購步伐顯示集團在市場波動中重視股東利益。該行預計友邦2025年總股東回報率爲6.5%,包括股息收益率3.4%,回購收益率3.1%。因應宏觀環境變化,瑞銀將友邦2025年稅後淨利潤和內涵價值預測分別下調3%和4%,目標價從91港元下調至88港元,評級“買入”。
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