《大行報告》匯豐研究普遍下調內險股目標價 升財險(02328.HK)評級至「買入」
匯豐研究發表報告指,內地壽險行業的新業務價值上半年強勁復甦,主要受惠代理及銀保銷售渠道表現改善,在儲蓄產品回報率調整之前,產品需求強勁亦推動增長。儘管經銷團隊削減人數料近尾聲,惟該行預期新業務價值增長將會放緩,因為在內險暫停銷售預定利率3.5厘的壽險產品前,客戶已提前購買,其他產品需要時間去建立銷量,另一方面,國家金融監督管理總局審視銀保渠道的佣金水平,亦屬行業逆風。
該行下調多隻內險股的目標價(詳見另文),在內險股中仍然偏好中國平安(02318.HK),評級維持「買入」,H股目標價由67元下調至65元,另外將中國財險(02328.HK)評級由「持有」上調至「買入」,目標價由8.6元上調至10.7元,相信中國財險今年下半年承保表現進一步改善。
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