大行评级丨大摩:上调友邦目标价至96港元,料上半年新业务价值增19%

格隆汇
Jul 28, 2025

摩根士丹利发表报告,调高友邦保险(1299.HK)目标价6.7%,由90港元调高至96港元,评级“增持”;最牛目标价调高至112港元,最熊则上调至54港元。 大摩预期友邦上半年新业务价值(VNB)升19%,即第二季料增长26%,受惠于香港业务强劲增长。预期各项关键指标增长趋势均保持健康,上半年业绩料不会宣布额外股份回购计划。内含价值(EV)按半年料升2%,考虑到友邦持续回购,每股盈利料同比升11%,每股内含价值按半年料增8%。 大摩相信尽管市场波动等因素,但认为友邦关键财务指标应能继续保持强劲,将较去年有进一步改善。

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