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研報掘金丨廣發證券:予中國人保“買入”評級,財險景氣度向好

廣發證券日前報告指,財險景氣度向好,人身險經營質態改善。中國人保H股估值長期低於中國財險,認爲當下中國人保具備相對投資價值:一是財險景氣度回升下中國人保H股相對中國財險便宜;二是人保壽險價值轉型和監管支持下經營質態持續改善;三是人保健康成長性凸顯,市場份額位居健康險子公司和互聯網健康險前列,賠付率改善驅動利潤和價值高增。分部估值法A/H合理價值爲11.29元/股和8.22港元/股,給予“買入”評級。

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