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大摩:予友邦保險(01299)“增持”評級 目標價111港元

大摩認爲友邦保險(01299)上半年業績表現符合預期。
Zhitongcaijing·08/25/2022 05:50:03
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智通財經APP獲悉,大摩發佈研究報告稱,予友邦保險(01299)“增持”評級,但對行業持審慎看法,目標價111港元。集團上半年業績表現具彈性,稅後經營溢利及股息分別增長4%及6%,大致符合預期;新業務價值(VNB)下跌13%,略勝於預期,當中第二季VNB下跌10%,跌幅有所放緩。

報告中稱,友邦保險內地市場業務上半年下跌24%,但管理層表示,整體業務增長已在6月起出現復甦,VNB在7月份已經實現正增長。上半年香港業務表現強勁,同時在澳門的利潤率擴張和MCV銷售推動下,實現3%的增長。

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