大行评级|瑞银:上调中国太保目标价至37港元 上调今明两年除税后净利润预测

格隆汇
Aug 06, 2025

瑞银发表研究报告指,预计中国太保上半年除税后净利润按年增长8%,意味着第二季按年跃升31%,相信是由于股票市场表现改善及利率急速下降导致债券价值增加。就税后经营利润而言,预估上半年按年增长6%,相较于首季可能略为加快。净资产值方面,该行估计上半年较去年年底降3.2%,按季则升7%。根据该公司对今年税后经营利润的指引,该行估计股息按年增3%至1.11元。 该行认为,包括中国太保在内的国企保险公司,很有可能在市场动荡的情况下提出回购,以显示稳定资本市场的承诺。该行上调中国太保今明两年的除税后净利润预测11%和4%,目标价由33港元上调至37港元,维持“买入”评级。

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