Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Sets AIA's TP at HKD99; 3Q VONB Growth Beats
Recommend 12 Positive 14 Negative 3 |
||||
|
||||
|
AIA (01299.HK)'s 3Q25 results were not only strong, but it also beat expectations, according to a report from Citi. On the basis of actual exchange rates, a YoY growth of 27% in the value of new business (VONB) to USD1.476 billion surpassed both the broker's and the market's forecasts. The growth momentum mainly stemmed from a YoY rise of 15% in annualized new premiums driven by product portfolio optimization, and an expansion of 6 ppts in the VONB margin to 58.2%. Citi gave AIA a target price of HKD99, with a rating of Buy. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
