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大行評級丨大摩:維持平安健康“平配”評級 預計F及B端業務將實現雙位數增長
格隆匯 05-29 13:25
摩根士丹利發佈研報指,隨着年初至今AI等市場β因素推動下,中國醫療健康行業現已至風險/回報平衡點,主要平台企業正各採取不同的商業模式和競爭策略,實現醫療數字化趨勢下盈收加速。其中,平安健康在與平安集團並表後,利用醫險協同等服務為其金融客户提供更多增值服務,並持續優化AI模型在不同場景下應用,該行預計公司F及B端業務將實現雙位數增長。該行維持對平安健康(1833.HK)的“平配”評級,目標價為7.5 港元。該行預計,B端業務仍將保持長期增長勢頭,B端渠道的複合年增長率將達到30%至50%。在F端渠道,公司持續通過“保險+健康+養老會員”等套餐服務滲透個人客户羣,該行預計複合年增長率將達到10%左右。另外,公司於2025年第一季度推出了名醫AI助理服務“平安芯醫”,由知名醫生進行訓練,可提供實時在線問診,目前已覆蓋20個醫療場景。下一代醫生支持系統將於2025年6月正式上線,將進一步提升流程和服務效率。
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