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加拿大皇家銀行預計財產及意外保險業第一季業績將「保持韌性」。

-- 加拿大皇家銀行資本市場預計財產及意外傷害保險（P&C）行業第一季業績將保持“韌性”，但認為這些業績不足以改變目前投資者對該行業的低迷情緒。 分析師巴特·迪亞爾斯基(Bart Dziarski)將Fairfax Financial (FFH.TO)的目標價從2234美元上調至2261美元，主要原因是Poseidon交易，並維持「跑贏大盤」評級。他認為，目前的估值並未反映Fairfax承保業務和投資組合的正面成長動能。 「我們預計，在有利（儘管增速放緩）的定價環境下，Fairfax的承保業績將保持強勁，而Fairfax歷來以善於把握機遇而著稱。Fairfax的投資組合已進行重新調整，以利用當前的利率環境推動投資業績改善，我們預計這一趨勢將持續下去。」他寫道。 Dziarski預計，隨著Fairfax持續保持穩健的經營業績，其市淨率估值相對於同業的折讓將會收窄。 對於多元化金融部門，Dziarski對goeasy (GSY.TO)仍持謹慎態度，並將關注goeasy在解決LendCare投資組合內部問題方面的最新進展，包括內部控制/財務報告以及核銷/貸款損失。 “我們認為，解決上述問題對於改善市場情緒至關重要。” 他維持對goeasy的「弱於大盤」評級，目標價為33.00美元。 Dziarski預計管理層的三點行動計劃要到2028年後才能生效，並認為隨著投資者重新評估賬面價值的可持續性以及公司穩定信貸表現的能力，其估值存在下行風險。

Price: $2482.26, Change: $+25.42, Percent Change: +1.03%

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