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新華保險(01336.HK)半日升2.8% 大行指首季盈利勝預期
新華保險(01336.HK)今日(30日)中午收報52元,升2.77%,成交1,099.71萬股,涉資5.8億元。美銀證券發表研究報告指,新華保險首季淨利潤為65億元人民幣(下同),按年增長11%,是行業內最強勁的增長,而同業中國人壽(02628.HK)則錄得32%的按年跌幅。然而,該行認為,業績強勁的背後需考慮其一次性收益的因素。新華保險首季錄得總投資收益...
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新華保險(01336.HK)半日升2.8% 大行指首季盈利勝預期
Recommend
12
Positive
17
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5
 
 

新華保險(01336.HK)  +0.600 (+1.186%)    Short selling $124.97M; Ratio 15.206%   今日(30日)中午收報52元,升2.77%,成交1,099.71萬股,涉資5.8億元。

美銀證券發表研究報告指,新華保險首季淨利潤為65億元人民幣(下同),按年增長11%,是行業內最強勁的增長,而同業中國人壽(02628.HK)  +1.220 (+4.453%)    Short selling $705.55M; Ratio 24.009%   則錄得32%的按年跌幅。然而,該行認為,業績強勁的背後需考慮其一次性收益的因素。新華保險首季錄得總投資收益率僅為2.1%,低於國壽的2.2%,而公允值損失激增至209億元。與此同時,已實現收益從98億元上升至221億元,當中包括來自以攤餘成本計量的金融資產的已確認收益78億元,此部分可被視為一次性收益。美銀證券維持對新華保險的盈利預測及目標價,重申H股「跑輸大市」評級,目標價39港元。

摩根士丹利發表研究報告指出,新華保險首季淨利潤為65億元人民幣,按年增長10.5%,稅前利潤增長12.7%,勝市場預期,意味年化股東回報率(ROE)達22%,領先同業。報告稱,新華保險盈利增長主要受保險業績提升31.5%帶動,預期主要由於開支及理賠減少,而投資業績則按年下降39.3%。該行估算其首季新業務價值利潤率按年提升2.6個百分點,支持新業務價值健康增長25%。大摩給予新華保險「減持」評級,目標價43港元。

瑞銀發表研究報告指,新華保險首季純利按年升11%至65億元人民幣,考慮到首季股票市場表現疲弱,以及公司投資槓桿及FVTPL股票佔比相對較高,是次業績很可能優於市場預期。期內新業務價值按年增長25%,增幅處於同業的9.6%至76%區間之內。瑞銀提到,新華保險的核心償付能力充足率及綜合償付能力充足率按季分別下跌4.6個百分點及6.1個百分點,至131%及204%。該行維持對新華保險的「中性」評級,目標價為48.5港元。(ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-30 16:25.)

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