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《大行》瑞銀升中國財險(02328.HK)目標價至21.8元 新能源車保費上升推動盈利能力
瑞銀研究報告指出,預測2024年至2030年,內地新能源車保費年均複合增長率(CAGR)爲27%,達到5,920億人民幣,主要由車隊規模推動。2024年新能源車行業綜合成本率(CoR)爲107%,預計2027年將實現轉機。因此,瑞銀預測到2030年,新能源車承保利潤將達到170億人民幣。 瑞銀認爲,汽車製造商附屬保險公司的競爭威脅有限,相信憑藉強大的定價和理賠能力,中國財險(02328.HK)將成爲受益者,預計2025年比同行更快實現轉機。因此,瑞銀將中國財險2025至2029年淨利潤預測分別上調3%至8%,目標價從20.7港元上調至21.8港元;重申「買入」評級。
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