Insurance capital is about to "operate" Gold! Four major insurance capital giants have been approved to become members of the Shanghai Gold Exchange.
Insurance funds broaden the channels for risk avoidance.
AIA (01299.HK) granted 2.982 million stock options.
Gelonghui, March 20 - AIA (01299.HK) announced that on March 20, 2025, the company will grant 2,982,166 stock options to certain employees, Directors, and executives ("grantees") of the company and its subsidiaries under the stock option plan adopted on May 29, 2020.
Goldman Sachs: Reduced AIA's Target Price to HKD 91, expecting the new business value for the fiscal year 2025 to still achieve double-digit growth.
Goldman Sachs released a Research Report stating that after the performance announcement for the fiscal year 2024, the bank made slight adjustments to its forecast for AIA (01299). Despite facing headwinds in the mainland China market, the bank still expects a double-digit growth in the new business value for the fiscal year 2025. Based on a forward new business multiple of 8 times (unchanged), the 12-month Target Price derived from the discounted model is now HKD 91 (previously HKD 94), which implies a PB of 1.6 times for the fiscal year 2026. After AIA announces its fiscal year 2024 results, the discussions between the bank and investors will mainly focus on two aspects: 1) the scale of Share Buyback is smaller than
Zhitong Hong Kong Stock Short Selling Statistics | March 19.
Hong Kong Stock Short Selling Statistics | March 19.
Goldman Sachs: Maintains AIA (01299) "Buy" rating and lowers Target Price to 91 Hong Kong dollars.
Goldman Sachs stated that AIA reflects the situation of declining long-term Bonds yields in China (and Thailand), which is addressed by increasing the required capital and reducing free surplus.
【Brokerage Focus】BOCOM INTL maintains Buy rating on AIA (01299), stating it combines stability and growth.
Jinwu Financial News | BOCOM INTL Research Reports indicate that AIA (01299) has a new business value growth of 18% year-on-year in 2024, which aligns with the expectations of this bank, but is 2% lower than the market expectation. The new business value rate is 54.5%, up 1.9 percentage points year-on-year, mainly due to changes in product structure. As the company is approved to enter new provinces and cities, the mainland market business in China still has continuous growth momentum. The company's operating profit (OPAT) is expected to grow 7% year-on-year in 2024, which meets market expectations; the OPAT per share is expected to increase by 12%, better than the company's guidance; and the net income attributable to the parent company is better than the market expectation. Additionally, the company maintains its per share dividend.
Express News | AIA Group - Listing of Programme Is Expected to Become Effective on or About 18 March 2025.
Express News | AIA Group - Application Has Been Made to Stock Exchange of Hong Kong for Listing of US$18 Bln Global Medium Term Note and Securities Programme
CICC: Maintain AIA (01299) "Outperform the Industry" rating with a Target Price of 74 HKD.
The bank will lower its forecast for after-tax operating profit per share for this year and next year by 1.5% and 1.8% respectively, to HKD 5.2 and HKD 5.8, due to the short-term impact brought by the new business transformation in mainland China.
Hong Kong stocks are fluctuating | Mainland Insurance Companies are rising again. Since the beginning of this year, insurance capital has accelerated its entry into the market. Institutions indicate that the current wave of insurance company stake acquisi
Mainland Insurance Companies rose again, as of the time of writing, AIA (01299) was up 4.08%, trading at 63.75 HK dollars; PICC P&C (02328) was up 3.25%, trading at 25.45 HK dollars; Ping An Insurance (02318) was up 2.44%, trading at 50.35 HK dollars.
【Brokerage Focus】Open Source Securities maintains a "Shareholding" rating for AIA (01299) indicating that its new business value for 2024 will see significant year-on-year growth.
Jingwu Financial News | Kaiyuan Securities released a Research Report indicating that AIA (01299) disclosed its 2024 annual report, with the 2024 NBV at 4.71 billion USD (calculated at fixed Exchange Rates, as below), a year-on-year increase of 18%, aligning with the bank's expectations. The new annualized premiums for 2024 are 8.61 billion USD, up 14% year-on-year, with a margin increase of 1.9 percentage points to 54.5%. The after-tax operating profit is 6.605 billion USD, up 7% year-on-year. The bank predicts that the year-on-year expectations for NBV in 2025-2026 will be +10.8%/+10.2% (previously +10.8%/+10.4%).
Hong Kong stock announcements for investment | AIA's new business value for 2024 increased by 18% year-on-year to 4.712 billion USD. Ideal Auto's full-year revenue for 2024 is expected to grow by 16.6% year-on-year to 144.5 billion yuan.
CG SERVICES (06098) issued a profit alert, expecting the comprehensive net income in 2024 to increase by approximately 209.7% to 287.1% year-on-year...
AIA Plans US$1.6b Buyback as CFO Says Momentum Strong
AIA Group Reports $6.8 Billion in 2024 Profit
【Brokerage Focus】Sinolink initially rated AIA (01299) as "Buy" and indicated that its financial performance is stable, with NBV returning to double-digit growth.
Jinwu Financial News | Sinolink's research indicates that AIA (01299) operates in 18 markets across the Asia-Pacific region, showing stable operational and financial performance. 1) New business premiums and NBV show resilience at the bottom cycle, regaining high growth in 2023, with NBV Margin stabilizing and recovering in 2024. Since 2019, the NBV has been under pressure due to social events in Hong Kong and public health incidents, with a four-year compound growth rate of -6% from 2018 to 2022, although this is better than other life insurance companies in the mainland. With the elimination of public health factors, the reopening of Hong Kong, and changes in the mainland's predetermined interest rates.
Hong Kong stocks movement | AIA (01299) dropped over 4% after earnings, Goldman Sachs indicated that its new business value for the last financial year was slightly below expectations, and the new Share Buyback plan was below expectations.
AIA (01299) fell over 4% after earnings, as of the time of writing, it declined by 3.66% to 60.5 Hong Kong dollars, with a transaction volume of 1.35 billion Hong Kong dollars.
Express News | Shares of AIA Group Set to Open Down 2.1%
Announcement highlights | AIA's new business value for the year 2024 increased by 18% year-on-year to 4.712 billion USD, proposing a final dividend of 130.98 Hong Kong cents per share; Weibo's net profit for the fiscal year 2024 decreased by 12.2% year-on
BOC AVIATION's Net income for 2024 increased by about 20%; YUEXIUTRANSPORT's revenue declined year-on-year last year.
Zhitong Hong Kong stock early knowledge | The Hong Kong Stock Exchange studies lowering the investment threshold for Hong Kong stocks as New York gold futures rise above the $3,000 mark.
The State Council Information Office will hold a press conference on March 17 to introduce information regarding measures to boost consumer demand.
AIA Group Value of New Business Rose in 2024, to Buy Back $1.6B of Shares