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《大行报告》瑞银上调太平(00966.HK)目标价至19.5元 评级「买入」
阿思达克 02-25 10:10
瑞银发表研究报告,指中国太平(00966.HK)1月寿险业务原保险保费收入按年升近4%至369亿元人民币,意味1月首年保费收入按年增长逾60%;瑞银认为这优於市场预期,现估值尚未反映新业务价值增长。由於基数较低,瑞银预期太平2月及3月份的首年保费表现续强劲,升今年新业务价值增长预测,由14%上调至16%,以反映1月表现,目标价由18.6元升至19.5元,评级「买入」。

该行同时指,行业「开门红」表现各异,中国太保(02601.HK)及中国平安(02318.HK)由於较早开始准备「开门红」,自去年10月起录高双位数增长;由於基数较高,据瑞银以1月数据估算,新华保险(01336.HK)首年保费表现则较同业为弱。该行列出所覆盖内地寿险股新业务价值全年增长预测,平安料12%,太保料14%,新华保险料5%,中国人寿(2628.HK)则料13%。

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