认为中国平安隐含35%的上涨空间 米西富兰克林

HSBC canceled the comprehensive financial security discount price and valuation attractiveness, improve Sina fund exposure desk: letter Phi lag false propaganda, performance is lower than the same kind of products for a long time, buy fund by pit how to do? Click on [I want to complain], Sina help you expose them! HSBC recently revalued ping an integrated financial business model, think China Ping an implied 35% rising space. The adjustment is mainly in the re assessment of the business model of peace, canceled the comprehensive valuation of China Ping An financial discount of 20%, the ping an H shares and A shares raised to "buy" rating". After adjustment, the target price of Ping an H shares and A shares in China is 56 Hong Kong dollars (formerly HK$45 yuan) and 47 yuan RMB (original RMB38 yuan), which implies about 35% of the upside. Insiders evaluate, this is the Ping An group layout of Internet financial development and change the disclosure of financial reports, the international bank for the first time a clear and comprehensive understanding of the development trend of China’s financial industry represented by Ping an. After the subprime mortgage crisis, Citigroup and HSBC’s comprehensive financial model has been frustrated and questioned, and the major international companies began to reflect on their business model. At present, many large international financial companies are still optimizing corporate valuation and financial statements by stripping off non core markets or non main business. This is why HSBC analysts in the previous research report will ping an integrated financial valuation of twenty percent off reasons. However, the valuation discount has been adjusted recently. James E Garner, an HSBC research group responsible for managing Asian insurance stocks, said in the research report that the use of this discount was because the integrated financial model pursued by Ping An had been tried and tested in developed markets, but most of them failed. Comprehensive financial enterprises in developed markets not only to investors because of the complexity of the burden, but also did not give investors the benefits they ballyhoo. After spending two years reviewing its business model (covering three phases of the report), the team decided to withdraw a discount of 20% on China Ping An’s consolidated financial valuation. In the ongoing study, the team found that the safe integrated financial model is very different from the developed market interbank gold control model. According to the performance of the first half of this year, Ping An "comprehensive financial + Internet" model has created significant value, 36% of new customers come from the four closed loop Internet Ecosystem built safely. In addition, the James team is also optimistic about the safe life insurance business, Ping An has a first-class life insurance and property insurance business, two business accounted for 52% of total profits. The strong management team with sufficient solvency, innovation and vitality, the unique advantages of non state-owned enterprises, Ping An Bank’s impact on the group’s share price decreased, and improved the attractiveness of share prices and valuations. Enter Sina Financial shares] discussion

汇丰取消平安综合金融折价 股价和估值吸引力提高 新浪基金曝光台:信披滞后虚假宣传,业绩长期低于同类产品,买基金被坑怎么办?点击【我要投诉】,新浪帮你曝光他们!   汇丰银行近日重估了平安综合金融的业务模式,认为中国平安隐含35%的上涨空间。   此次调整主要是在重新评估平安的业务模式后,取消了对中国平安综合金融估值20%的折价,将平安H股及A股评级上调至“买入”。调整后,中国平安H股和A股的目标价为56港元(原HK$45元)和47元人民币(原RMB38元),隐含约35%的上行空间。   业内人士评价,这是平安集团布局互联网金融发展及变革财务报告披露方式后,国际大行首次明确全面重新认识以平安为代表的中国金融业发展趋势。   次贷危机后,花旗和汇丰的综合金融模式受到挫折和质疑,各国际大行都开始反思自己的商业模式。目前不少国际大型金融企业仍然在通过剥离非核心市场或非主营的业务来优化企业估值及财务报表。这也是汇丰分析师在此前研报中将平安的综合金融估值打上八折的原因。   不过,这一估值折扣在近日出现了调整。汇丰负责管理亚洲保险股票研究团队的分析师James E Garner在研报中表示,原来采用这个折让,是因为平安追求的综合金融模式曾被发达市场尝试过、试验过,但大部分以失败告终。发达市场的综合金融企业不仅因复杂给投资者带来负担,而且还没有给投资者带来他们大吹大擂的好处。该团队在花了两年时间重新评估平安的业务模式后(涵盖报告讨论的三个阶段),决定撤除对中国平安综合金融估值20%的折价。   在持续的研究中,该团队发现,平安综合金融模式和发达市场同业金控模式非常不一样。根据今年上半年业绩,平安的“综合金融+互联网”模式创造了显著价值,36%的新客户来自平安打造的四个闭环互联网生态系统。   另外,James团队还看好平安的产寿险业务,平安拥有一流的寿险及产险业务,两项业务占到平安总利润的52%。偿付能力充裕、极具创新和活力的管理团队,非国企的独特优势,平安银行对集团股价影响力降低,提高了股价和估值的吸引力。 进入【新浪财经股吧】讨论相关的主题文章: