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[Special Guest Big V] Guo Jiayao: Investors are paying attention to external news and the direction of mainland policies. There is no breakthrough in the short-term market situation.
Kingwosoon | US stocks fell significantly on Thursday, with disappointing performance of American companies leading to downward trends in technology stocks. The indices opened lower and then extended losses, with all three major indices closing in the negative. The US dollar faced repeated pressure, with the yield on the US ten-year bond falling to 4.28%, while gold prices retraced from their highs and oil prices saw a slight rebound. Hong Kong stocks generally held steady in pre-trading, with a mild opening expected for the broader market. Mainland Chinese stocks fell before rebounding yesterday, as the Shanghai Composite Index opened lower but ended the day with a 0.4% increase. Trading volume in Shanghai and Shenzhen also saw significant growth. Hong Kong stocks continued to fluctuate narrowly, with the indices hovering around a slight range. Market conditions tended towards individual developments, while trading remained light for the broader market. Investors
AIA Group Posts Record Q3 New Business Value
AIA (01299.HK) spent 61.6603 million Hong Kong dollars repurchasing 0.9968 million shares on October 31.
Great Wall Street News October 31st │ AIA Insurance (01299.HK) announced that on October 31st, it spent 61.6603 million Hong Kong dollars to repurchase 0.9968 million shares at a repurchase price of 61.35-62.8 Hong Kong dollars per share.
Express News | AIA Group Bought Back 996,800 Shares for HKD 61.7 Mln on 31 Oct - HKEX Filing
Goldman Sachs: Maintains a "buy" rating on AIA with a target price of 93 Hong Kong dollars.
Goldman Sachs released a research report stating that AIA (01299) maintained robust growth momentum in the new business value in all major markets in the third quarter, maintaining a 'buy' rating with a target price of HK$93. The report pointed out that AIA's third-quarter new business value exceeded the bank's and the market's expectations, with all major markets maintaining robust growth momentum, with Hong Kong being the fastest-growing market, benefiting from local market and mainland visitor support. As for the mainland business, despite facing a high base effect and withdrawing some high-guarantee products, the mainland business still achieved a 9% year-on-year growth.
Citi: Maintains a "buy" rating on aia (01299) with a target price of HK$99.
In the first three quarters of this year, AIA's new business value rose by 22% year-on-year based on fixed exchange rates.