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HSBC Research Lifts AIA (01299.HK) TP to $95; Interim NBV May Hike 16%
2019-07-18 15:00:25
HSBC Global Research expected AIA (01299.HK) to post 1H19 NBV of USD2.266 billion (+16% YoY) on rising volumes and margins. The insurer's annual equivalent premium will likely increase by 11% YoY to USD3.609 billion, with Mainland China, Hong Kong and Thailand being major growth drivers.

The broker estimated AIA's 1H OPAT at USD2.919 billion (+10% YoY) on IFRS basis.

Overall, AIA was kept at Buy, with target up from $94 to $95.
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