野村:料友邦首季新業務價值跌11%,維持買入評級
野村發研報指,由於高基數和疫情的影響,尤其是上海和深圳的防控措施,估計友邦保險(1299.HK)今年首季度其新業務價值將按年下降11%至9.38億美元,預期今年首季內地業務新業務價值按年下降18%,若按固定匯率變動則下降20%,但形容其跌幅仍優於平均水平,維持今明兩年新業務價值預測不變,重申“買入”評級,目標價91.26港元。
該行表示,預計若內地相關城市重新開放後,友邦中國內地業務將以兩位數的增長勢頭回升,而對於香港業務,預計今年首季度新業務價值將按年下降6%,因為疫情爆發的負面影響可能會抵銷去年第三季併購東亞人壽所帶來的正面影響。
展望未來,對於東盟等國業務,料今年首季新業務價值將平均按年下跌9%,而其他地區業務其首季新業務價值將大致持平。
該行認為,近期公司持續從公開市場回購股票,根據公司在去年度業績中公佈的高達100億美元的股票回購計劃,或使市場對其股價情緒產生正面影響。
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