投资建议2022 年底我们判断寿险行业将迈向新增长周期,但因利率下行等因素,2023 年以来的负债增长说服力不强,行业股价主要受波动更剧烈的资产端影响;展望2026 年,我们认为寿险行业将再入黄金发展期、负债端有更积极的发展趋势呈现,行业投资逻辑将从“寻求存量业务的重估修复”重回 “给予成长能力估值溢价”,优质寿险有望王者归来、目标估值重回1.0x P/EV之上。理由中资寿险:五大趋势,王者归来。...
Source Link投资建议2022 年底我们判断寿险行业将迈向新增长周期,但因利率下行等因素,2023 年以来的负债增长说服力不强,行业股价主要受波动更剧烈的资产端影响;展望2026 年,我们认为寿险行业将再入黄金发展期、负债端有更积极的发展趋势呈现,行业投资逻辑将从“寻求存量业务的重估修复”重回 “给予成长能力估值溢价”,优质寿险有望王者归来、目标估值重回1.0x P/EV之上。理由中资寿险:五大趋势,王者归来。...
Source LinkDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.