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牛市節奏!中國平安H股拉昇漲近4%,自4月初以來累計最大漲幅超35%
港A市場保險股今日集體走強,其中,中國平安A股拉昇漲2.58%報57.34元,H股拉昇漲3.74%報51.35港元。自4月初以來,以中國平安爲首的保險股走出了一波明顯的上升行情。其中,中國平安H股期間最大累計漲幅達35%,A股達25%。保險股“走出了牛市節奏”。有分析人士認爲,保險股近期上漲主要受益於市場資金配置行爲。因容易跑贏指數、彈性較高,保險股成主動權益基金增加配置的對象。“在目前低利率、低信用利差的環境下,各類機構都會去配置權益,這其實是權益風險偏好的擴張。”另外,基本面上,保險股則有邊際利好和中長期向好因素。從外部因素看,隨着宏觀經濟、資本市場景氣度提高,保險公司業績將受益。東吳非銀團隊研報認爲,保險業經營具有顯著順週期特性,未來隨着經濟復甦,負債端和投資端都將顯著改善。從行業自身看,此前壓制保險股估值的利差因素也有邊際改善,壽險負債端成本將繼續優化。花旗此前發研報看好保險公司,並稱結合強勁的新業務增長、投資回報提升、監管順風及低估值,偏好中國平安。
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