大行評級|星展:下調宏利金融目標價至226港元 重申“買入”評級
星展發表研報指,宏利金融正處於行業的有利地位,除了能抓住亞洲人壽保險業的長期趨勢及全球退休需求,公司亦同時受惠其在優化投資組合方面取得的實質進展。另外,宏利今年第二季度核心盈利及新業務價值分別錄得6%及23%增長,均略勝於預期。該行認為,宏利已進入增長加速的階段,預計2027財年的核心股東權益回報率將提高至逾18%,主要基於其較高潛力業務的核心盈利貢獻不斷上升、更為強大的經濟規模及嚴格的開支紀律,以及數位化帶來的好處。另外,考慮到宏利的再保險交易影響及另類投資表現疲弱,星展將宏利2024及2025財年的盈利預測,分別下調11%及7%,並維持其新業務價值增長預測分別於20%及15 %,目標價由230港元下調至226港元。鑑於亞洲保險業前景樂觀、宏利2024及2025財年全球財富資產管理業務的增長,星展重申宏利的“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.