交银国际:中国平安新业务价值超增速预期 维持“买入”评级

新浪港股
29 Apr
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  交银国际发布研报称,预计中国平安(02318)2024年资产减值拨备计提充足,为2025年盈利平稳增长打下基础。寿险产品结构持续优化,医养生态布局构建差异化竞争优势。当前股息率约为6%,估值吸引,维持“买入”评级及目标价60港元。

  报告指,2025年第一季度归母营运利润(OPAT)同比增长2.4%,增长主要来自寿险健康险板块的贡献。多渠道驱动新业务价值增长超预期,价值率同比显著提升。财险综合成本率同比显著改善。投资收益保持平稳。偿付能力充足,寿险核心偿付能力显著提升。

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