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友邦業績遜預期惟新業務價值增長理想 @ 2012-02-25T03: Back Hot News
Keyword:友邦
Concept:花旗重申買入評級 , 友邦去年新業務價值升
友邦業績全年純利雖然差過預期,但德意志、花旗以及野村,都維持買入評級。其中野村最樂觀,給予目標價35元。而麥格理維持中性評級,目標價24元。
友邦(1299.HK)升2%,報27.95港元,未再跌破早段的27.65港元低位;成交2570萬股,已超過上日全日。德銀認為,友邦去年度業績勝預期,當中新業務價值增幅較預測高出7個百分點,並由主要市場的利潤擴張帶動,內涵價值及盈利增長亦稍勝,償付能力充足率高達311%,反映資本充足;重申買入,目標30.8港元。高盛更認為,友邦業績及正面的發展,可為2010年度打下動力基礎;維持確信買入,待業績會後再進一步評估
業績後的友邦(1299.HK)最多曾升2.6%,現報27.7港元,升幅收窄至1%;最低暫為27.65港元。對於友邦去年度純利倒退41%,至16億美元,花旗認為,雖然純利表現遜於預期,但新業務價值及稅前營運溢利,均較預期為佳,反映基本業務仍保持強增長,因此重申該股買入,目標價30港元亦不變,並繼續視為防守性投資組合中的核心選擇。友邦去年度新業務價值創出40%的記錄增幅,但投資回報大跌73%

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