vested
Aug 4, 2023
JPM Slashes AIA (01299.HK) TP to $86, Rating Neutral
JPMorgan commented in a report that AIA (01299.HK) has hailed a strong life insurance sales trend year to date while its share price performance underperformed the broader market.
The broker contended that investors' focus is concentrated on 1H23 results, margins of life insurance products, rising pent-up demand in Hong Kong and expansion plan in China.
JPMorgan projected the new business value (NBV) of AIA in 1H23 to reach USD1.93 billion. The target price on the stock was chopped from HKD93 to HKD86, with its rating kept at Neutral.
AIA's operating profit after tax was predicted to be USD3.317 billion in the first half of 2023.
The DPS was forecast to be HK42 cents and the group should maintain a progressive dividend policy, the report elaborated.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
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AIA Group 1299 02 (Jun 20 - Dec 27)
Re: AIA Group 1299
by winston » Thu Aug 10, 2023 8:06 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: AIA Group 1299
by winston » Thu Aug 10, 2023 8:10 am
vested
Nomura Predicts AIA (01299.HK) 1H23 VONB to Hike 24% YoY on AER Basis
2023/08/04
Nomura issued a rating report on AIA (01299.HK), forecasting its 1H23 VONB to rise 24% YoY on actual exchange rate (AER), and 29% on constant exchange rate (CER), as the reopening of mainland has led to a strong rebound in business in both mainland and Hong Kong.
According to the bank, the Hong Kong VONB for 1H23 is expected to spike 57% YoY to US$508 million, due to the release of pent-up demand from Chinese customers for Hong Kong insurance, following the reopening of the border between mainland and Hong Kong at the beginning of the year.
Related News: C Suisse Projects AIA 1H23 VONB on AER Basis to Rise 31% YoY
Nomura decremented its target price for AIA from $99.91 to $98.75 and maintained its Buy rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
Nomura Predicts AIA (01299.HK) 1H23 VONB to Hike 24% YoY on AER Basis
2023/08/04
Nomura issued a rating report on AIA (01299.HK), forecasting its 1H23 VONB to rise 24% YoY on actual exchange rate (AER), and 29% on constant exchange rate (CER), as the reopening of mainland has led to a strong rebound in business in both mainland and Hong Kong.
According to the bank, the Hong Kong VONB for 1H23 is expected to spike 57% YoY to US$508 million, due to the release of pent-up demand from Chinese customers for Hong Kong insurance, following the reopening of the border between mainland and Hong Kong at the beginning of the year.
Related News: C Suisse Projects AIA 1H23 VONB on AER Basis to Rise 31% YoY
Nomura decremented its target price for AIA from $99.91 to $98.75 and maintained its Buy rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: AIA Group 1299
by winston » Thu Aug 10, 2023 8:12 am
vested
HSBC Global Research Expects AIA (01299.HK) 1H23 VONB to Hike 30% YoY to US$2B, Rates Buy
HSBC Global Research issued a rating report on AIA (01299.HK), expecting its 1H23 VONB to rise 30% YoY to US$2 billion, benefiting from the recovery in Hong Kong offshore business, but partially offset by changes in product mix.
The broker forecasted AIA's embedded value to fall 1% YoY to US$67.9 billion, with DPS at HK$0.43, up 6% YoY.
HSBC maintained its target price on AIA at HK$100 and its rating at Buy.
Related News: JPM Slashes AIA (01299.HK) TP to $86, Rating Neutral
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
HSBC Global Research Expects AIA (01299.HK) 1H23 VONB to Hike 30% YoY to US$2B, Rates Buy
HSBC Global Research issued a rating report on AIA (01299.HK), expecting its 1H23 VONB to rise 30% YoY to US$2 billion, benefiting from the recovery in Hong Kong offshore business, but partially offset by changes in product mix.
The broker forecasted AIA's embedded value to fall 1% YoY to US$67.9 billion, with DPS at HK$0.43, up 6% YoY.
HSBC maintained its target price on AIA at HK$100 and its rating at Buy.
Related News: JPM Slashes AIA (01299.HK) TP to $86, Rating Neutral
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 113034
- Joined: Wed May 07, 2008 9:28 am
Re: AIA Group 1299
by winston » Thu Aug 10, 2023 8:18 am
vested
C Suisse Projects AIA 1H23 VONB on AER Basis to Rise 31% YoY
Credit Suisse forecast the 1H23 value of new business (VONB) on the actual exchange rate (AER) basis of AIA (01299.HK) to burgeon 31% YoY.
The VONB of mainland China operations may record a mid-double-digit growth, implying a potentially more than 20% growth for the second quarter.
The broker forecast the VONB of AIA in Hong Kong to expand more than 100% in the first half of this year, thanks to the Mainland Chinese Visitor (MCV) business.
Related News: HSBC Global Research Expects AIA (01299.HK) 1H23 VONB to Hike 30% YoY to US$2B, Rates Buy
The 2023-25E EPS for AIA were chopped by 15%/ 8%/ 8%.
The target price on the stock was kept at $101, with an Outperform rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
C Suisse Projects AIA 1H23 VONB on AER Basis to Rise 31% YoY
Credit Suisse forecast the 1H23 value of new business (VONB) on the actual exchange rate (AER) basis of AIA (01299.HK) to burgeon 31% YoY.
The VONB of mainland China operations may record a mid-double-digit growth, implying a potentially more than 20% growth for the second quarter.
The broker forecast the VONB of AIA in Hong Kong to expand more than 100% in the first half of this year, thanks to the Mainland Chinese Visitor (MCV) business.
Related News: HSBC Global Research Expects AIA (01299.HK) 1H23 VONB to Hike 30% YoY to US$2B, Rates Buy
The 2023-25E EPS for AIA were chopped by 15%/ 8%/ 8%.
The target price on the stock was kept at $101, with an Outperform rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 113034
- Joined: Wed May 07, 2008 9:28 am
Re: AIA Group 1299
by winston » Thu Aug 24, 2023 9:12 am
AIA Interim VoNB on AER Basis Up 32% YoY, Close to Upper End of Forecasts; Interim DPS Added to HK42.29 Cents
AIA (01299.HK) announced the financial results for the interim period ended 30 June 2023.
The value of new business (VoNB) amounted to USD2.029 billion, representing a YoY growth of 37% on a constant exchange rate (CER) basis and a YoY growth of 32% on an actual exchange rate (AER) basis, respectively.
The figure came close to reaching the upper end of 11 brokers' forecasts as compiled by our reporters (USD1.88-2.073 billion).
The net profit of the interim period gained 45.8% YoY to USD2.25 billion.
EPS was US19 cents.
An interim dividend of HK42.29 cents per share was declared, up by 5% YoY and in line with the three brokers' estimates as compiled by our reporters (HK42-43 cents per share).
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
AIA (01299.HK) announced the financial results for the interim period ended 30 June 2023.
The value of new business (VoNB) amounted to USD2.029 billion, representing a YoY growth of 37% on a constant exchange rate (CER) basis and a YoY growth of 32% on an actual exchange rate (AER) basis, respectively.
The figure came close to reaching the upper end of 11 brokers' forecasts as compiled by our reporters (USD1.88-2.073 billion).
The net profit of the interim period gained 45.8% YoY to USD2.25 billion.
EPS was US19 cents.
An interim dividend of HK42.29 cents per share was declared, up by 5% YoY and in line with the three brokers' estimates as compiled by our reporters (HK42-43 cents per share).
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 113034
- Joined: Wed May 07, 2008 9:28 am
Re: AIA Group 1299
by winston » Thu Aug 24, 2023 4:31 pm
vested
Jefferies Finds AIA (01299.HK) Interim VONB Beat, With Reassuring Asset Disclosures
Jefferies noted in a report that AIA (01299.HK)'s interim new premium income was 16% and 20% above the broker's and the market's original forecasts respectively.
Gross margin was in line with broker expectations but below market expectations, and VONB was 13% and 9% above broker and market predictions respectively.
The broker noted that AIA provided reassuring asset disclosures and that the company's China-related assets comprised only US$800 million of local government financial instruments and US$1.1 billion of real estate bonds and equities, which respectively only accounted for 0.7% and 1.1% of non-par and surplus assets.
In addition, over 90% of AIA China's fixed income book is allocated to government bonds.
Related News: CLSA Remains Prudent as CN Insurers Impacted by Trust Mkt Concern Sparked by Zhongzhi Event
Jefferies maintained its Buy rating and a target price of $102 on AIA.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
Jefferies Finds AIA (01299.HK) Interim VONB Beat, With Reassuring Asset Disclosures
Jefferies noted in a report that AIA (01299.HK)'s interim new premium income was 16% and 20% above the broker's and the market's original forecasts respectively.
Gross margin was in line with broker expectations but below market expectations, and VONB was 13% and 9% above broker and market predictions respectively.
The broker noted that AIA provided reassuring asset disclosures and that the company's China-related assets comprised only US$800 million of local government financial instruments and US$1.1 billion of real estate bonds and equities, which respectively only accounted for 0.7% and 1.1% of non-par and surplus assets.
In addition, over 90% of AIA China's fixed income book is allocated to government bonds.
Related News: CLSA Remains Prudent as CN Insurers Impacted by Trust Mkt Concern Sparked by Zhongzhi Event
Jefferies maintained its Buy rating and a target price of $102 on AIA.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: AIA Group 1299
by winston » Thu Aug 24, 2023 4:34 pm
vested
AIA Expects MCVs to Continue to Come to HK & MO for Insurance Purchases
Jacky Chan, CEO of AIA (01299.HK) Hong Kong and Macau and the Group's chief distribution officer, said that the new business value for Mainland China Visitors (MCVs) in Hong Kong and Macau grew by 64% QoQ in 2Q23, following the full resumption of normal travel between Hong Kong and China.
Of which, proportion of new customers increased from 59% in 1Q23 to 79% in 2Q23.
The trend of Chinese coming to Hong Kong and Macau to purchase insurance is believed to be set to continue.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
AIA Expects MCVs to Continue to Come to HK & MO for Insurance Purchases
Jacky Chan, CEO of AIA (01299.HK) Hong Kong and Macau and the Group's chief distribution officer, said that the new business value for Mainland China Visitors (MCVs) in Hong Kong and Macau grew by 64% QoQ in 2Q23, following the full resumption of normal travel between Hong Kong and China.
Of which, proportion of new customers increased from 59% in 1Q23 to 79% in 2Q23.
The trend of Chinese coming to Hong Kong and Macau to purchase insurance is believed to be set to continue.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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- Joined: Wed May 07, 2008 9:28 am
Re: AIA Group 1299
by winston » Fri Aug 25, 2023 8:19 am
vested
AIA boosts dividend as new business booms
by Themis Qi
Source: The Standard
https://www.thestandard.com.hk/section- ... ness-booms
AIA boosts dividend as new business booms
by Themis Qi
The insurance and finance corporation AIA (1299) saw its first-half net profit jump 46 percent yearly to US$2.25 billion (HK$17.55 billion), driven by strong growth in Hong Kong and the mainland, and raised the interim dividend by 5 percent to 42.29 HK cents a share.
The new business value in Hong Kong soared 111 percent yearly to US$681 million for the first six months of the year, thanks to the return of mainland visitors after the border reopening.
Business in the mainland climbed 14 percent to US$601 million over the same period, benefiting from the distribution partnership with Bank of East Asia (0023) and Postal Savings Bank of China (1658).
These helped the total value of the new business for the first half to surge 37 percent yearly to US$2.03 billion.
However, the overall first-half margin for new business value dipped to 50.8 percent from 55.2 percent one year ago, which AIA mainly attributed to more long-term saving products sold.
For the first half, the average case size by mainland clients in Hong Kong and Macau reached US$20,000, doubling the pre-pandemic level.
New customers accounted for 79 percent of the second-quarter business from mainland visitors, larger than 59 percent in the previous quarter.
AIA will keep focusing on affluent clients after the first-half Million Dollar Round Table qualifiers expanded by 49 percent yearly. And the company remained No 1 in MDRT globally this year.
Source: The Standard
https://www.thestandard.com.hk/section- ... ness-booms
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: AIA Group 1299
by winston » Fri Aug 25, 2023 9:51 am
vested
AIA Group (1299 HK)
1H23: VONB In Line; Margin Slumps A Concern
AIA’s 1H23 VONB came in largely within our estimates, driven by the return of MCV in
Hong Kong.
The huge margin compression in 1H23 was due to the hot sale of low-margin participating products.
AIA continues to gain growth momentum in ASEAN but the company faces slower growth in China.
We trim our 2023/24 EV per share forecast by 5% after revising our long-term VONB margin and VONB growth assumptions.
Maintain BUY with a lower target price of HK$95.00.
Source: UOBKH
https://research.uobkayhian.com/content ... c84098c97c
AIA Group (1299 HK)
1H23: VONB In Line; Margin Slumps A Concern
AIA’s 1H23 VONB came in largely within our estimates, driven by the return of MCV in
Hong Kong.
The huge margin compression in 1H23 was due to the hot sale of low-margin participating products.
AIA continues to gain growth momentum in ASEAN but the company faces slower growth in China.
We trim our 2023/24 EV per share forecast by 5% after revising our long-term VONB margin and VONB growth assumptions.
Maintain BUY with a lower target price of HK$95.00.
Source: UOBKH
https://research.uobkayhian.com/content ... c84098c97c
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 113034
- Joined: Wed May 07, 2008 9:28 am
Re: AIA Group 1299
by winston » Wed Aug 30, 2023 2:14 pm
not vested
Broker│Opinion
Daiwa│Thai business is a new growth driver outside of Greater China region
Jefferies│Interim VONB and new premium income beat
Goldman Sachs│Strong interim results, VONB growth accelerated in 2Q driven by HK business
HSBC Global Research│VONB recovery continues, benefiting from strong growth in Mainland, HK and Thailand
Nomura│Interim margins weak but VONB growth strong
CLSA│Interim VONB growth beat, driven by Mainland, HK and Thailand businesses
JPMorgan│Strong local growth in 1H23, but margins on Mainland products deteriorated more than expected
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
Broker│Opinion
Daiwa│Thai business is a new growth driver outside of Greater China region
Jefferies│Interim VONB and new premium income beat
Goldman Sachs│Strong interim results, VONB growth accelerated in 2Q driven by HK business
HSBC Global Research│VONB recovery continues, benefiting from strong growth in Mainland, HK and Thailand
Nomura│Interim margins weak but VONB growth strong
CLSA│Interim VONB growth beat, driven by Mainland, HK and Thailand businesses
JPMorgan│Strong local growth in 1H23, but margins on Mainland products deteriorated more than expected
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 113034
- Joined: Wed May 07, 2008 9:28 am
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