AIA Group 1299

Re: AIA Group 1299

Postby winston » Thu Apr 27, 2017 9:06 am

not vested

AIA 1Q VONB on Constant Exchange Rates Hit New High, Up 55%

AIA (01299.HK) announced the results for the first quarter ended February 2017.

On constant exchange rates, value of new business (VONB) escalated 55% yearly to US$884 million, hitting a new high.

On actual exchange rates, VONB leaped 53%.

The company said that it reported strong double-digit growth across the significant majority of individual markets and its wholly-owned operation in China was the fastest growing business in the first quarter.

During the period, annualized new premiums (ANP) rose 62% yearly to US$1.779 billion.

VONB margin was 49.2%. Total weighted premium income increased 24% yearly to US$6.247 billion.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100367
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Mon May 15, 2017 7:58 am

not vested

Last week’s huge sales value due to new HSBC chairman-designate and former AIA chief executive Mark Edward Tucker, who unloaded 15.47 million AIA shares from April 28 to May 8 worth HK$832 million, or HK$53.79 each.

The disposal, accounting for 10 per cent of the stock’s trading volume, cut his stake by 53 per cent to 13.968 million shares, or 0.12 per cent of issued capital.

Tucker, who assumes his new HSBC role in September, will likely unload his remaining AIA shares.

Source: SCMP
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100367
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Mon Jul 10, 2017 1:16 pm

not vested

<Research Report>Daiwa Rates AIA (01299.HK) at Buy with Target Lifted to $68

Daiwa, in its report, kept AIA (01299.HK) at Buy with target price lifted from $60 to $68.

The broker said AIA's VNB growth upside will be driven by China onshore franchise.

The combination of onshore customers' wealth accumulation and demand for long-term protection, AIA China's effective execution of its premier agency strategy, and geographical expansion in tier-2 cities, is boosting AIA China's premium expansion.

AIA has close to 30,000 agents in China and their income is 3-4 times that of industry average.

AIA's Hong Kong business continues to see strong execution in its premium agency strategy, particularly in terms of new recruits of young agents below the age of 35.

On the crossborder business, it is now the wealth effect of affluent Chinese customers that is driving the cross-border business.

Daiwa forecasted AIA HK to deliver 40% yearly VNB growth for 1H FY17.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100367
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Tue Jul 11, 2017 8:53 am

not vested

AIA grows China business

by Carrie Chen

AIA Group (1299) has started growing its business in tier 3 cities in the mainland, which has posted higher growth than certain tier 1 and tier 2 cities, chief executive and president Ng Keng Hooi said yesterday.

"We're starting to grow in tier 3 cities, which are huge with population of between five and 10 million people," he said.

He cited as examples cities such as Zhongshan and Wuxi, where AIA has been operating in the past few years.

"We believe growth in tier 3 cities will be very significant," he said.

He said the volume of business in certain cities can grow by more than 100 percent since they are still small. "China is always an exciting market," he said.

Ng said AIA has a strong presence in big cities, such as the tier 1 city of Guangzhou and the tier 2 cities of Suzhou and Foshan.

AIA has five licenses in the cities of Beijing, Shanghai and Shenzhen, as well as in the provinces of Guangdong and Jiangsu.

Daiwa Capital has raised its target price for AIA to HK$68 from HK$60 on prospects of growth of its business on the mainland.

Daiwa expects AIA to record a 37 percent growth in the value of its new business in the first half of this year, driven by rising income in the mainland as well as AIA's strategy of expansion in tier 2 cities.

It also expects the value of AIA's new business in the mainland to increase by about 90 percent year-on-year in the first half, while that in Hong Kong will grow by about 40 percent.

As of July 1, AIA had 8,324 registered agents as members of its Million Dollar Round Table, up 46 percent from last year.

About 70 percent of AIA's value of new business are to be generated by agents.

Ng said his first month as AIA head since June has been exciting and challenging.

"What Mark [Tucker] left behind is a great company, it's a great legacy," he said.

"My focus is continuing to do what we are doing well. I don't see ourselves making a major shift in our strategy."

Source: The Standard

http://www.thestandard.com.hk/section-n ... ?id=184961
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100367
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Fri Jan 19, 2018 11:53 am

not vested

<Research Report>UBS Downgrades AIA (01299.HK) to Neutral with Target Lifted to $71

UBS, in its report, downgraded AIA (01299.HK) to Neutral from Buy as the research house believed the growth prospect of the insurer has been largely priced in, with target price raised from $68 to $71.

The research house believed that RMB appreciation, tightening agent channel regulation and high base effect are key challenges to the near-term growth of AIA in Hong Kong.

UBS trimmed its 2017-19E VoNB growth from 21-27% to 15-23%.

UBS revised up 2017E EPS by 6% while cutting 2018E EPS by 5%.

For long term, AIA was envisioned to benefit from rising family wealth in Mainland China and widened policy coverage difference.

AIA's robust agent channels in Asian market remained major competitive edges which can hardly replicate.

Potential relaxation of regulation on foreign shareholding will also become the long-term catalyst of the company in China region.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100367
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Tue Oct 16, 2018 3:37 pm

not vested

<Research Report>G Sachs: AIA (01299.HK) Reiterated CL Buy on Enticing Risk/ Reward

Goldman Sachs believed the 5% fall in AIA (01299.HK)'s price was driven by macro factors, such as sharp rise in US 10-year bond yield.

However, AIA's share price corrections could be a good opportunity to accumulate the stock, given its appealing risk/reward.

The 2018-2020 EPS forecasts for AIA were trimmed by 4-21%.

Goldman Sachs also reaffirmed AIA at Buy (on CL) with price target down from $80 to $78.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100367
Joined: Wed May 07, 2008 9:28 am

Previous

Return to A to B

Who is online

Users browsing this forum: No registered users and 1 guest

cron