Analyst Research Report Snapshot

Title:

新光金(2888.TT)避險成本偏高,保費收入成長動能不足,建議中立

Price:

$12.00

Provider:

SinoPac Sec Investment Service Traditional Chinese

Date:

08 Nov 2013

Pages:

3

Type:

AcrobatPDF

Companies referenced:

2888.TW

Available for Immediate Download
Summary:

研調處預估2013年稅後淨利119億元(+21.5%YoY),EPS1.27元;2014年稅後淨利82億元(-31%YoY),EPS0.87元。儘管相較於同業擁有HTM的債券分類,可避掉殖利率上升對淨值的衝擊,然而其老債未實現利益較同業為少,因此在此波壽險業調整債券的結構中,固收部位已實現獲利表現落後同業。未來投資性不動產擬以市價入帳,新壽尚有600~700億的增值空間,惟新壽負債成本偏高,IFRS4流動性貼水測試遜於同業,研調處對後續新壽增值利益認列方式持保留態度,建議中立

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.