Market Brief

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潘文傑先生 (Tommy Poon)
助理經理

現任職輝立助理經理。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
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中國平安 (2318)

Tuesday, September 24, 2019 Views432

中國平安2019年上半年保持良好增長。集團歸母營運利潤同比增長 23.8%, 達734.64億元人民幣(下同)。

 

集團維持與客戶的良好關係, 客戶的忠誠度提升, 並增加交叉銷售的機會。個人客戶數同比增長 9.5%、客均合同數同比增長 7.9%及客均營運利潤同比 增長 20.9%。平安擁有 1.96 億個人客戶,其中 35.4%同時持有多家子公司的合同。數據反映公司透過優質的服務和客戶體驗, 以及多元化的產品成功吸引新客戶和為現有客戶提供更多符合他們需求的產品種類。

 

在壽險及健康險業務, 人壽及健康保險業務保費達3,157.73億元,增加9.14%。新業務價值同比增長4.7%, 至410.5億元。公司堅持高價值高保障產品的銷售策略, 令新業務價值率同比提升5.7個百分點增至 44.7%。公司在保費增長和產品組合優化方面都取得成果。

 

平安産險方面, 實現原保險保費收入 1,304.66 億元,同比增長 9.7%;綜合成本率 96.6%,持續優於行業。營運利潤同比增長 69.5%至 100.39 億元。

 

平安銀行淨利潤 154.03 億元,同比增長 15.2%。

 

另外, 包括陸金所, 平安好醫生在內的「科技業務」也錄得高速增長, 總收入達 384.31 億元,同比增長 33.6%。業務已遍佈財富管理﹑汽車金融﹑醫療﹑智慧城市等領域, 在開拓多元化的收入來源的同時, 也滿足不同客戶在生活上的各方面的需求。

 

建議買入價 90港元 , 目標 100港元, 止蝕 82港元。

 

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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