金吾财讯 | 保险股受压，中国财险(02328)跌3.28%，中国太平(00966)跌3.23%，中国人民保险集团(01339)跌3.05%，中国人寿(02628)跌2.45%，友邦保险(01299)跌2.21%，新华保险(01336)跌2.23%，中国太保(02601)跌1.79%，宏利金融-S(00945)跌1.45%，中国平安(02318)跌1.13%。国金证券表示，负债端高景气带来估值切换行情，后续保险股行情的接力在于负债端高景气度的持续(预计银保渠道会有较高增长)与春季躁动行情对资产端的驱动，且保险公司Q1利润基数不高。长期来看，负债端进入量价齐升的向上周期，在量的方面受益于存款搬家及养老储蓄需求旺盛，以及头部公司市占率提升；价的方面，存量成本开始下降、新增保单有利差益。在资产端股市、利率处于稳定或向好的情况下，负债端增长带来大保险公司扩表是本轮保险行情强化的重要支撑。重点推荐开门红预期较好，以及业务质地较好(负债成本低、资负匹配情况较好)的头部险企。
Disclaimer: 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.