AIA Group 1299

[winston]

vested

A hidden GenAI gem

The substantial value creation potential of life insurers utilising GenAI, particularly given their possession of massive amounts of proprietary health data, should not be overlooked

AIA is positioned as a frontrunner in the GenAI race, given its increased digitalisation and AI-enabled processing, enhanced digital lead leneration / conversion and operating efficiencies

Amplify Health, a healthtech company aiming to become Asia’s leading trusted health data repository, is expected to help strengthen AIA’s health value proposition and future return

Since the launch of DeepSeek, the HSI and AI plays were up 14% and 31%, respectively, outperforming AIA, which was up only 6%.

This presents opportunities for sector rotation. Reiterate BUY

Source: DBS

https://www.dbs.com/insightsdirect/comp ... ecid=23954

[winston]

not vested

2024 VONB Rises 17%, in Line, Launch of New Shr Buyback of US$1.6B

AIA announced its results for the last financial year this morning (14th).

Its value of new business (VONB) rose 17% YoY to US$4.712 billion at actual exchange rate (AER), in line with market consensus.

Insurance revenue amounted to US$19.314 billion, up 10.3% YoY. Net profit amounted to US$6.836 billion, up 81.6% YoY, with an EPS of US$0.62.

Related News: AIA 2024 VONB Up 17% at AER, In Line, w/ New USD1.6B Shr Buyback

Final DPS was $130.98 cents, compared to $119.07 cents for the same period 023.

Total DPS for the year rose 9% YoY to $175.48 cents, also in line with market consensus.

In addition, AIA's Board approved a new share buy-back of US$1.6 billion. This comprises US$0.6 billion to meet the payout ratio target of 75% of annual net FSG, and an additional US$1 billion following a further review of the Group’s capital position.

Together, the dividends and share buy-backs amount to a total yield of approx. 6% for shareholders.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

[winston]

not vested

AIA reports US$6.8b profit, declares US$1.6b buyback

Net profit of US$6.84 billion (HK$53.35 billion) last year, up nearly 82 percent from a year earlier.

Declared a US$1.6 billion buyback plan and posted an 18 percent rise in annual value of new business, or VONB, to US$4.71 billion on strong performance at core markets.

Source: The Standard

https://www.thestandard.com.hk/breaking ... 6b-buyback

[winston]

not vested

<Research>CLSA Keeps Outperform on AIA as Annual Results in Line

AIA (01299.HK)'s annual results aligned with expectations, according to a report from CLSA.

AIA's value of new business (VONB) increased by 18% YoY to US$4.712 billion, in line with market expectations, mainly driven by Hong Kong (23% growth), Mainland China (20% growth), and "other markets" (18% growth).

Related News: AIA 2024 VONB Up 17% at AER, In Line, w/ New USD1.6B Shr Buyback

The company's OPAT rose by 7%, also meeting market expectations, while its dividend per share increased by 9%, above expectations by 1%.

Overall, AIA's results largely met expectations. CLSA maintained the Outperform rating unchanged with a target price of $90.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

vested

AIA announced that it had entered into an agreement with an independent broker, under which the broker is appointed to operate the share buy-back program on a discretionary basis and will repurchase up to US$1.6 billion of shares.

Source: AAstocks.com

[winston]

vested

<Research>M Stanley Expects AIA (01299.HK) 1Q VONB Rev. Growth May Be Temporarily Pressured

Morgan Stanley released a research report estimating AIA (01299.HK) to report a 6.9% rise in VONB (at constant exchange rate (CER) basis) in 1Q25, mainly driven by a 7.3% increase in APE and flat gross profit at 54.2%.

The broker believed that the slowdown is temporary, and continued to predict VONB growth of 12% for both 1H25 and for the whole 2025.

Morgan Stanley considered the Company attractively valued. Therefore, the broker rated the Company at Overweight, with a target price of $81.

Related News: UBS Expects AIA (01299.HK) 1Q VONB to Rise 8.5% YoY on CER Basis, Drops TP to $88

China is a drag on growth, with VONB expected to fall by 8% due to assumption changes, according to the report.

The broker projected growth on a comparable basis, and anticipated 2025 VONB growth to be around 10%.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

AIA Group’s value of new business jumps on strong Hong Kong sales

A 13 per cent rise in its first-quarter value of new business (VONB).

Hong Kong reported a 16 per cent annual increase in VONB

Source: Reuters

https://www.businesstimes.com.sg/compan ... kong-sales

[winston]

not vested

Good memories

We see Mark Tucker’s appointment from 1 Oct 2025 as AIA’s new chairman as positive given his strong track record and knowledge of its operations.

During his tenure, AIA’s share price rose on average 4% over the 5-day trading window around the company’s results announcements (Fig 1).

Reiterate our Add rating and TP of HK$103. AIA remains one of our top sector picks.

Source: CGS

https://rfs.cgsi.com/api/download?file= ... 3728A93DA6