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《大行報告》瑞信下調中國平安(02318.HK)目標價至110元 評級「跑贏大市」
阿思達克 05-03 10:47
瑞信發表的研究報告指,中國平安(02318.HK)參與方正集團重整投資,計劃收購51-70%權益,涉資371-508億元人民幣,交易將透過平安人壽自有資金支付,重組後平安將成方正集團的控股股東,其償付能力仍遠高於監管最低要求。

該行認為醫療健康對平安的「金融+生態」策略有策略價值,認為目標醫療健康資產有利完善其線下醫療生態系統,認為醫療健康生態不僅有利獲取金融客戶,同時亦可增加用戶黏性及價值。雖然部分投資者擔心今次收購涉非核心資產,加上缺乏出售大型資產的經驗,料風險胃納增加或令資金成本提升。

該行將公司目標價由115元降至110元,以反映短期資金成本提升的影響,以及於執行和出售資產方面的風險,評級維持「跑贏大市」。(el/u) ~

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