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大行評級|高盛:友邦新股票回購計劃低於預期 予其“買入”評級
格隆匯 03-14 10:29
高盛發表研報指,友邦保險2024財年第四季銷售額略低於預期,導致新業務價值(VONB)按年增長率放緩至8%。但全年VONB增長依然強勁,實質匯率及固定匯率基準按年增長率分別為17%及18%,達到47億美元,略低於該行及市場預期的48億美元,主要受到所有主要市場區隔雙位數增長的推動。高盛提及,友邦新一輪股票回購計劃總額為16億美元,低於該行預期的20億美元,這可能受到12月中國內地債券收益率急劇下降的影響,導致所需資本按年增加13%。該行將友邦H股目標價定於94港元,給予“買入”評級。
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