美银证券发表研究报告指,友邦保险去年业绩符合预期。友邦今年新一轮回购金额16亿美元,计及首两月已斥6亿美元回购,总回购规模22亿美元。该行视其约20亿美元的年度回购为“新常态”。随着基数效应近完全减退,该行料集团今年新业务价值将按年增14%,主要受惠于在访港内地旅客业务(MCV)以及东盟市场的业务。随着高息环境或会持续,料储蓄产品的销量增长会是今年新业务价值的主要动力,而区内新业务价值利润率复苏势头或会放缓。
该行另提到,料友邦香港市场今年新业务价值按年增12%,MCB及本地客业务增长维持在10%至20%范围内。该行对友邦今年盈利预测上调11%,降明年盈利预测4%,主要受到投资回报预测改变。该行维持友邦目标价为92.2港元,重申“买入”评级。
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