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FINWIRES

研究快訊:CFRA維持對IA Financial的「持有」評級,原因是其財富與保險板塊的核心每股收益業績喜憂參半。

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-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下:我們維持IAG的三星評等(持有),並將12個月目標價從176加幣上調至184加幣。此目標價基於我們對2027財年調整後每股收益16.00加元的11.5倍本益比預期。我們將2026財年每股收益預期上調至14.87加幣(調高0.48加幣),並將2027財年每股收益預期上調至16.00加幣(上調0.74加幣)。收購RF後,財富管理業務在成長和業績方面佔據了主導地位。 2026年第一季度,財富管理業務的核心收益約為46%,而2025年第一季約為38%。儘管資產管理公司受益於資產增值的市場環境,但保險業務近期表現疲軟,第一季核心收益出現下滑。財富管理業務核心收益年增24%,加拿大保險業務核心收益下降4%,美國業務核心收益下降13%,投資業務年增9%。正常市場發行人回購計畫(NCIB)的回購比例從先前的5%提高至8%,股利也提高了11%。

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