一文綜合券商於中國平安(02318.HK)公布去年業績後最新目標價及觀點
中國平安(02318.HK)昨(3日)收市後公布去年業績後,股價今早表現向好,券商普遍看好隨疫情逐漸緩和下,預期公司今年業務改善。中國平安去年純利按年倒退4.2%至1,430.99億元人民幣,符合本網綜合16間券商介乎1,223.93億元至1,469.9億元人民幣預測。每股盈利8.1元人民幣。公司宣派末期息1.4元人民幣,全年派2.2元人民幣,高於去年同期的2.05元人民幣。
期內新業務價值按年倒退34.7%至495.75億元,低於本網綜合14間券商之501.24億元至609.36億元的預測。內含價值按年增長8.9%至8,245.74億元。剩餘邊際餘額按年增長4.5%至9.601.83億元。
【純利符合預期 新業務價值遜】
瑞信表示,中國平安去年好壞參半,指去年新業務價值按年跌35%符預期,但低於市場原預期跌31%,但指公司旗下壽險業務於今年首季前景鞏固,維持對其「跑贏大市」評級及目標價116元。
里昂發表報告表示,中國平安去年新業務價值增長令人失望,每位代理商新業務價值按年下降28%。財產險方面綜合比率有所改善,公司去年淨利潤達到1,431億元人民幣,按年下降4.2%,超出市場預期;核心收益按年增4.9%,亦超出市場預期。該行予其94港元目標價,投資評級「買入」。
瑞銀表示,中國平安去年新業務價值增長疲弱,足以反映新冠疫情的負面影響,認為內地重啟經濟活動可支持公司今年首季業務回復增長。公司去年全年派息與核心收益增長基本一致|預計隨著代理商活動恢復和消費者對保險產品需求增長下,新業務價值增長將在今年反彈至12%。該行將新其目標價由117港元下調至115港元,維持評級「買入」。
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本網最新綜合8間券商對其投資評級及目標價:
券商|投資評級|目標價(港元)
摩根大通|增持|130元
摩根士丹利│增持|121元
匯豐環球研究|買入|120元
野村|買入|116.7元
瑞信|跑贏大市|116元
瑞銀|買入|117->115元
花旗|買入|114元
里昂|買入|94元
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券商|觀點
摩根大通|P2P借貸平台帶動非核心業務增長前景明朗,回報良好
摩根士丹利│新業務價值增長表現不佳,但盈利仍具穩固
匯豐環球研究|核心收益增長勝預期|新業務價值增長成今年關注點
野村|新業務價值增長令人失望,淨利潤及核心收益均勝預期
瑞信|新業務價值增長符該行預期,經營股本及償債能力維持強勢
瑞銀|去年新業務價值增長疲弱,料今年新業務價值增長反彈至12%
花旗|去年業績基本符合預期,去年第四季度新業務價值增長疲弱但利潤豐厚
里昂|新業務價值增長令人失望,核心收益按年增4.9%勝預期
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