大行評級|傑富瑞:下調友邦目標價至88港元 重申“買入”評級
傑富瑞發表報吿指,在友邦公佈第一季業績後更新預測,以反映新業務增長和資本回報的驚喜,同時調整IFRS 17模型,將友邦目標價由96港元降至88港元,重申“買入”評級。傑富瑞指,友邦保險第一季實際匯率計新業務價值增長27%,遠高於市場預測的19%。年化新保費按實際匯率計算增23%,利潤率從52.3%增至54.2%。更重要的是,友邦在現有的100億美元股票回購基礎上又增加20億美元。一段時間以來,投資者一直要求進一步的資本回報,但該行認為在現有的回購完成之前,不會出現這種情況。管理層同時宣佈以年度產生的自由盈餘淨額之75%作為目標派付率目標。
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