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<Research>UBS Expects AIA's 2Q VNB QoQ Growth to Accelerate
Recommend 11 Positive 16 Negative 13 |
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UBS has published a research report predicting that, based on actual exchange rates (AER) and constant exchange rates (CER), AIA (01299.HK)'s value of new business (VNB) would grow by 16% and 15% YoY in 1H25 and its growth rate would accelerate to 21% and 18% in 2Q25, compared to 13% in 1Q. The reason behind was that AIA achieved a strong business performance in the Hong Kong and China markets. In particular, Hong Kong's CER-based VNB growth is expected to rise from 16% in 1Q to 28%, while China's VNB would have grown by 12% excluding the impact of changes in economic expectations. UBS kept the target price of HKD88 for AIA, with a Buy rating. AAStocks Financial News |
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