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里昂：维持中国财险“买入”评级 目标价降至12.2港元

Lyon: Maintain China's financial insurance “buy” rating and reduce the target price to HK$12.2

新浪港股 ·  Mar 27 01:58

Lyon released a research report saying that it maintains the “buy” rating of China Financial Insurance (02328) and is still listed as one of the preferred stocks in the industry. The Group's profit is expected to recover from its low base in 2023, the return on equity (ROE) will rise to about 13% from 11% in 2023, and the target price will drop slightly from HK$12.3 to HK$12.2. The company's comprehensive ratio (COR) last year was 97.8%, which was in line with management guidelines and also exceeded market expectations. Net profit was slightly lower than forecast, but the payout ratio rose to 44%, which was slightly better than expected.

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