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<Research> JPM: AIA (01299.HK) 1Q26 New Business Value Beats Expectations; Reiterates Overweight with TP HKD112
Recommend 16 Positive 22 Negative 9 |
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JPM released a research report stating that AIA (01299.HK) recorded new business value of USD1.757 billion in 1Q26, representing a YoY increase of 17% at actual exchange rates, well above the banks forecast of USD1.581 billion. Strong sales growth in Mainland China and Hong Kong drove the earnings beat, while product margins narrowed slightly. The bank believes the market will take comfort from these results. JPM maintained its forecast for AIAs new business value to grow 13% YoY in FY2026 and expects a gradual recovery over the remainder of the year. It reiterated its Overweight rating with a TP of HKD112. (hc/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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