Re: AIA Group 1299
Posted: Mon Oct 03, 2016 11:44 am
not vested
<Research Report>C Suisse Lifts AIA Target to $60.6; Expects 3FQ VONB to Rise 20.5%
Credit Suisse, in its report, reinstated the rating Outperform on AIA (01299.HK) and lifted its target price from $59 to $60.6, as well as raising the FY16E earnings forecast by 14% with regional equities growth and flattish FX performance.
AIA performed better in 2H16 so far than 1H16 in the equity markets.
With continuously falling bond yields, the broker expected AIA to revise down its bond yields and RDR assumptions.
For 3Q FY16, the broker expected a 19% VONB growth, higher than brokers' consensus of 17.8%; on constant exchange rate basis, the VONB growth could be 20.5%, also above brokers' consensus of 19.8%.
Source: AAStocks Financial News
<Research Report>C Suisse Lifts AIA Target to $60.6; Expects 3FQ VONB to Rise 20.5%
Credit Suisse, in its report, reinstated the rating Outperform on AIA (01299.HK) and lifted its target price from $59 to $60.6, as well as raising the FY16E earnings forecast by 14% with regional equities growth and flattish FX performance.
AIA performed better in 2H16 so far than 1H16 in the equity markets.
With continuously falling bond yields, the broker expected AIA to revise down its bond yields and RDR assumptions.
For 3Q FY16, the broker expected a 19% VONB growth, higher than brokers' consensus of 17.8%; on constant exchange rate basis, the VONB growth could be 20.5%, also above brokers' consensus of 19.8%.
Source: AAStocks Financial News