vested
CICC Predicts AIA 1H23 VONB on AER Basis to Swell 27.5% YoY
CICC forecast the value of new business of AIA (01299.HK) in the first half of 2023 to burgeon 27.5% on a YoY basis, with the operating profit after tax (OPAT) dropping 3.2% YoY to USD3.3 billion.
For Hong Kong operations, CICC noted a strong recovery of the mainland Chinese visitor (MCV) business for insurance products over the second quarter.
AIA's VONB contribution from the MCV business in 1H23 may reach 65% of 2019 level.
Related News: Daiwa Expects AIA to Post 25% YoY Growth at AER for VONB in 1H23
CICC axed the 2023-24E EPS for AIA by 28% and 12% to USD0.5 and USD0.64, respectively.
The target price on the stock was kept at $108, with an Outperform rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
|
|
AIA Group 1299
Re: AIA Group 1299
by winston » Wed Jul 26, 2023 3:23 pm
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
Re: AIA Group 1299
by winston » Mon Jul 31, 2023 2:58 pm
vested
G Sachs Forecasts AIA 2Q23 VONB to Hike 33% YoY on AER, Rating Buy
Goldman Sachs issued a rating report on AIA (01299.HK), expecting its Value Of New Business (VONB) to rise 33% YoY to USD912 million in 2Q on actual exchange rates, benefiting from a sustained recovery in sales to inbound mainland Chinese visitors, and a lower base performance in mainland China.
The 2Q VONB is growing at a faster rate than the 1Q growth rate of 23%.
For 1H23, the broker expected AIA's VONB to rise 27% YoY to USD1.957 billion actual exchange rates, with operating profit rising 2% YoY to USD3.425 billion under IFRS 17 basis.
Related News: CICC Predicts AIA 1H23 VONB on AER Basis to Swell 27.5% YoY
Goldman gave AIA a target price of $101 and a Buy rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
G Sachs Forecasts AIA 2Q23 VONB to Hike 33% YoY on AER, Rating Buy
Goldman Sachs issued a rating report on AIA (01299.HK), expecting its Value Of New Business (VONB) to rise 33% YoY to USD912 million in 2Q on actual exchange rates, benefiting from a sustained recovery in sales to inbound mainland Chinese visitors, and a lower base performance in mainland China.
The 2Q VONB is growing at a faster rate than the 1Q growth rate of 23%.
For 1H23, the broker expected AIA's VONB to rise 27% YoY to USD1.957 billion actual exchange rates, with operating profit rising 2% YoY to USD3.425 billion under IFRS 17 basis.
Related News: CICC Predicts AIA 1H23 VONB on AER Basis to Swell 27.5% YoY
Goldman gave AIA a target price of $101 and a 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"
-
winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
Re: AIA Group 1299
by winston » Fri Aug 04, 2023 7:27 am
vested
AIA: We Expect MCV Recovery in Hong Kong To Drive First-Half VNB Growth
by Iris Tan
Source: Morning Star
https://www.morningstar.com/stocks/aia- ... vnb-growth
AIA: We Expect MCV Recovery in Hong Kong To Drive First-Half VNB Growth
by Iris Tan
In light of stronger-than-expected mainland Chinese visitor, or MCV, data in the second quarter, we modestly lift our full-year premium growth assumption for AIA 01299 by 2.5 percentage points to reflect faster-than-expected recovery in the MCV business to 50% of 2019′s level, from 30% in our previous assumptions.
We retain our fair value estimate for AIA at HKD 96 per share, however, as the change is not enough to trigger valuation adjustment.
The stock remains undervalued, trading at 1.6 times 2023 price/embedded value, or EV, versus its past-six-year average price/EV ratio of 1.9 times.
Compared with the 0.2 times to 0.6 times 2023 price/EV ratios of the undervalued Chinese peers, we believe AIA’s valuation premium is justified by its superior agent force, above-peer new business margins and prudent management of product mix.
In the longer run, we believe its ongoing geographic expansion in China should support a stronger-than-peer new business growth momentum.
Source: Morning Star
https://www.morningstar.com/stocks/aia- ... vnb-growth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
Re: AIA Group 1299
by winston » Thu Aug 10, 2023 8:06 am
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
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
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
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"
-
winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
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"
-
winston - Billionaire Boss
- Posts: 118906
- 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"
-
winston - Billionaire Boss
- Posts: 118906
- 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"
-
winston - Billionaire Boss
- Posts: 118906
- 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"
-
winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
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"
-
winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
Who is online
Users browsing this forum: No registered users and 5 guests