News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>BofAS: AIA Responds to Price Weakness with Strong Growth, New Capital Plan
AIA (01299.HK) reported a strong 1Q24 VONB of US$1.3 billion, up 31% YoY at CER, and up 27% at AER, with growth driven by the performance of its China business and Hong Kong busine...
Reset
Send
The window will close in 5 seconds
<Research>BofAS: AIA Responds to Price Weakness with Strong Growth, New Capital Plan
Close
Recommend
24
Positive
46
Negative
26
 
SHORT SELL
 
STOCK INFO

AIA (01299.HK)  +2.100 (+3.323%)    Short selling $217.91M; Ratio 10.329%   reported a strong 1Q24 VONB of US$1.3 billion, up 31% YoY at CER, and up 27% at AER, with growth driven by the performance of its China business and Hong Kong business. In China and Hong Kong, AIA's profit improved, resulting in an improvement in the VONB margin from 52.3% to 54.2% in 1Q24. ANP rose by 26% YoY.

Although AIA's growth in 2Q24 was impacted by a higher base in the same period last year, the overall trend in the company's key markets this year remained positive. AIA's share price has slid by more than 25% since last year's results were announced and the company has responded to price weakness with strong growth in 1Q24, paired with new capital plan. The broker maintained a Buy rating on AIA, with positive growth prospects in emerging markets and increasing shareholder returns. The target price was $92.2.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)

Related NewsCLSA Adds AIA (01299.HK) TP to $82, Reiterates Rating Buy

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.