《大行報告》高盛下調保誠(02378.HK)目標價至178元 降2023至25年新業務利潤預測5%至9%
高盛發表報告,下調保誠(02378.HK)H股目標價,由189元降至178元,維持「買入」評級,並續列「確信買入」名單。
該行下調對保誠今年至2025年經營溢利預測0%至4%,並降淨利潤預測0%至3%,同時下調同期新業務利潤預測5%至9%,主要反映債息上升。
該行預測保誠第三季新保單銷售維持上半年強勁動力,受內地旅客推動,相信內地旅客銷售令季度整體新保單銷售增長逾四成。但香港新保單利潤率與美長債孳息有負面關係,基於美國十年期國債孳息上季升80點子及下半年累升100點子,下調全年香港新業務利潤率預測至57%,低於上半年的65%及去年全年的74%。該行將關注管理層對利率走高影響新保單利潤率的看法。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.