AIA Group 1299

Re: AIA Group 1299

Postby winston » Sun Mar 12, 2017 10:56 am

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HSBC Said Close to Naming AIA's Mark Tucker as Chairman

by Stephen Morris and Anna Hirtenstein

Tucker is the CEO of AIA Group, former CEO of Prudential
Flint stepping down after six years in the top position

Source: Bloomberg

https://www.bloomberg.com/news/articles ... s-chairman
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Re: AIA Group 1299

Postby winston » Mon Mar 13, 2017 3:55 am

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HSBC to unveil AIA boss as its next chairman

HSBC will unveil Mark Tucker as its next chairman as soon as tomorrow, ending a year-long hunt for a replacement for Douglas Flint and marking the first stage of a shake-up at the top of Europe's biggest bank.

The 59-year-old is currently the chief executive of Hong Kong-based AIA, the Asian insurance business, but it is understood that he has tendered his resignation so that he can take up the HSBC role.


Source: Telegraph

http://www.telegraph.co.uk/business/201 ... -chairman/
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Re: AIA Group 1299

Postby winston » Mon Mar 13, 2017 4:25 am

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HSBC set to nominate AIA's Tucker as next chairman: sources

Source: Reuters

http://www.reuters.com/article/us-hsbc- ... ss+News%29
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Re: AIA Group 1299

Postby winston » Mon Mar 13, 2017 7:48 am

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Re: AIA Group 1299

Postby winston » Mon Mar 13, 2017 11:29 am

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<Research Report>JPM: Mark Tucker Resignation as CEO Poses Big Loss to AIA; Share Price Expected to Respond Negatively

JPMorgan, in its report, said the departure of Mark Tucker, AIA (01299.HK)?s CEO, would be a big loss to AIA Group, as Tucker is highly regarded in the market and with investors.

Similar to Tidjane Thiam's (former UK Prudential?s Group CEO) joining Credit Suisse in 2015, it appears top insurance management personnel who have built succSource: essful businesses across the Asia market are attractive key human capital for both commercial bank and investment bank management boards, as these institutions wish to build strong positions in emerging market and/or wealth management businesses.

Therefore, JPMorgan suggested that AIA's initial share price reaction would be negative on this news. As AIA Group's regional chief executives are well established, there would be pretty low operational risk from the potential departure of the Group CEO, even if it were to happen now, the broker said.

Source: AAStocks Financial News
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Re: AIA Group 1299

Postby winston » Tue Mar 14, 2017 10:51 am

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<Research Report>BofAML Expects Retreat of AIA Share Price Offers Buying Chances

AIA (01299.HK) Group CEO and President Mark Tucker will take up the role of Group Chairman of HSBC HOLDINGS (00005.HK).

Bank of America Merrill Lynch, in its report, said the transition for AIA should be smooth and expect it to continue delivering mid-teen new business growth in 2017-18.

The broker said AIA's business trends will remain on a solid footing, and any share price pull back on the news should be a particularly attractive buying opportunity.

Bank of America Merrill Lynch rated Buy on AIA with target price of $58.

Source: AAStocks Financial News
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Re: AIA Group 1299

Postby winston » Tue Mar 14, 2017 11:05 am

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<Research Report>G Sachs: Mark Tucker Resignation Casts Little Impact on AIA Long-term Share Price

Goldman Sachs, in its report, said AIA (01299.HK) CEO Mark Tucker, intends to retire from his executive positions on 1 September and take on the role of non-executive Group Chairman at HSBC HOLDINGS (00005.HK) from 1 October.

Ng Keng Hooi, AIA Regional Chief Executive, will become Group Chief Executive and President from 1 September.

Goldman Sachs said AIA is well positioned in Asia?s life insurance industry, with a strong balance sheet and capital generation capability.

The broker saw similarities to PRU (02378.HK), in the sense that Prudential was also well-positioned and well-capitalized with a deep bench of management experience prior to Tucker?s departure as CEO.

Goldman Sachs said AIA?s fundamentals remain intact and this announcement should have little to no negative effect on the long-term share price.

The broker kept the rating CL-Buy with target price of $56.

Source: AAStocks Financial News
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Re: AIA Group 1299

Postby winston » Sat Mar 18, 2017 10:12 am

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Ng Keng Hooi makes Malaysian corporate history

BY DALJIT DHESI

Source: The Star

http://www.thestar.com.my/business/busi ... e-history/
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Re: AIA Group 1299

Postby winston » Wed Mar 29, 2017 3:53 pm

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David Beckham sparks anger online after lumping Hong Kong and China together

Beckham (C) was in town to as AIA’s new global ambassador.

Ex-footballer David Beckham caused something of a stir online after he lumped Hong Kong and China together on social media.

Beckham, who was in town recently as AIA’s new ambassador, posted a pretty bog-standard video of Hong Kong to Facebook and Instagram — timelapses of boats zipping across Victoria Harbour, the view from the Peak, that sort of thing — and topped it with a seemingly innocuous caption, “Great 48 hours in China ”

Harmless, right? Eh, no. As anyone who witnessed the great Arrival debacle of 2016 knows, there is no better way to raise Hong Kong netizens’ hackles than conflating the city with China.

“Please change to ‘Great 48 hours in Hong Kong’. We have our own government, currency, even football team!” one Facebook user commented.

“I like you, but sorry, Hong Kong is Hong Kong. We are totally different from China!” another said.

“Hong Kong is not Chi-Na,” said one Instagram user, employing a derogatory wartime slur used by the Japanese (you remember, it was notably used by two democratically elected lawmakers who were later barred from taking their seats).

“No one cares about China. Hong Kong is not China and never will be,” another comment read.

While Beckham’s caption was changed to “Great 48 hours in Shanghai and Hong Kong ” about an hour after it was posted, that didn’t seem to please people either, as netizens from the other side of the border (presumably all of whom were conveniently on holiday, far away from the Great Firewall) got riled up by what they saw as Beckham’s cowing to Hongkongers.

“Why edited [sic] your post? You were absolutely correct, Hong Kong is undoubtedly part of China (Just Google Hong Kong handover ceremony lol),” a Facebook user said.

“Anyway, it’s good to see someone finally realize that Hong Kong is merely an administrative district of China, just same level as Shanghai.”

While we believe that there’s no way to please everyone, we’d hazard a guess that Beckham’s going to tread a little more carefully with his social media captions. And emails.

Source: Coconuts HK

https://coconuts.co/hongkong/lifestyle/ ... -together/
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Re: AIA Group 1299

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

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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
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