研報掘金|華泰證券:維持中國太保25港元目標價及“買入”評級 料中期利潤穩健
華泰證券的研究報吿指,中國太保的利潤有望表現穩健,料上半年的每股盈利按年增長13.5%,營運利潤按年增長3.3%,新業務價值按年增長6.3%,上半年財產險綜合成本率為98.1%,考慮到投資波動,調整2024年至2026年的每股盈利預測至3.25元、3.64元及3.86元。該行稱,2023年壽險業務強勁反彈推高了增長基數,認為在利率向下階段,消費者對壽險產品認可程度不斷提升,壽險業務全年可以維持有韌性的增長勢頭。
該行亦稱,財產險最主要的業務車險市場格局穩定,龍頭公司承保表現整體平穩,但上半年的洪水暴雨災害可能在一定程度上影響承保表現,預計中國太保上半年的財產險綜合成本率為98.1%,依然處於穩健水平,預計上半年的財產險保費按年增長7.7%,這一增速較去年同期有所降低。該行維持中國太保港股目標價25港元及“買入”評級。
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.