大行評級|美銀:料中國財險次季盈利錄得温和下跌 重申“買入”評級
美銀證券發表報吿指,料中國財險今年上半年純利跌25%,已優於今年首季的38%跌幅,但次季盈利仍錄得温和下跌。市場對財險上半年業績的期望不高,而大部分投資者都關注第三季會否在低基數效應下錄得反彈。該行預期若巨災損失較去年第三季為少,估計公司今年第三季將錄得盈利;若巨災損失顯著低於去年第三季,估計今年首三季盈利表現正面。美銀證券料,中國財險綜合成本率在今年上半年為97.1%,低於今年首季的97.9%。好消息是內地次季的雨量對其業務影響有限,不及首季的大雪的影響,但特別是汽車保險。銷售增長仍然慢過預期,料2024財年的保費增長目標由之前的高單位數下調至5%。該行另料,因為投資策略的改變,公司上半年的投資回報將較去年同期為低。美銀證券指中國財險股息吸引,且成本控制佳,重申“買入”評級,目標價為11.5港元。
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.