该行最近与太保举行电话会议，认为太保在产品策略变化下，将销售更多参与型产品，同时在储蓄产品上仍然占主导地位，相信明年新业务价值利润率有潜在上升空间，预计保障类型产品的利润率将达70%至80%，储蓄及参与产品的利润率则达10%至20%。China Pacific Insurance (02601) rose nearly 3%, as of the time of writing, it is up 2.41% at 25.4 HKD, with a trading volume of 83.4581 million HKD.
According to Zhitong Finance APP, China Pacific Insurance (02601) rose nearly 3%, as of the time of writing, it is up 2.41% at 25.4 HKD, with a trading volume of 83.4581 million HKD.
Bank of America Securities released a research report stating that China Pacific Insurance aims to maintain a stable growth in dividends per share while also reflecting the growth in earnings. Therefore, it is expected that the company will very likely make a higher per share dividend, although the bank expects the payout ratio to be only 25% to 30%, which is at the lower limit of market expectations, but the dividend yield still exceeds 5%.
The bank recently held a conference call with China Pacific Insurance, believing that under the changes in product strategy, it will sell more participating products, while still dominating in savings products. It is believed that there is potential for an increase in the new business value profit margin next year, with expected profit margins for protection-type products reaching 70% to 80%, and for savings and participating products reaching 10% to 20%.
