《大行》摩通:财险(02328.HK)首季净利润逊预期 维持“中性”评级

阿斯达克财经
May 04

摩根大通研究报告指,中国财险(02328.HK) 首季业绩反映承保表现具韧性,首季综合成本率(COR)为94.2%,按年下降0.3个百分点。不过,盈利面临显著风险,期内净利润按年下跌24%至86亿元人民币(下同),低于该行预期的95亿元。由于中资保险股目前按市盈率倍数及股息率估值,该行继续偏好寿险股多于非寿险股,主因寿险公司新业务销售强劲复苏,股息率达4%至7%更具竞争力,且估值更具吸引力。该行...

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