投资者正高度关注保诚集团(Prudential PLC)下月公布半年报时将披露的新资本管理政策。瑞银最新研报指出，从偿付能力和自由现金流角度评估，这家保险与资产管理巨头当前65%的派息率具备可持续性。若该政策得以实施，集团年度综合资本回报率有望达到约6%水平。
分析师进一步预测，未来三年内保诚或通过特别回购等形式，向股东返还相当于市值20%的资本。研报强调："对一家营收与每股收益增速均超10%的企业而言，这样的资本回报率具备显著吸引力。"市场信心已在股价中得到印证——年初至今，保诚伦敦股价累计涨幅达47%，大幅跑赢大盘。
（注：本文根据公开研报信息编撰，不构成投资建议）
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