2023-08-25 01:43:31
Goldman Sachs: Maintain AIA (01299) “Buy” rating target price HK$101
2023-08-25 09:43:31
Zhitong Finance APP learned that Goldman Sachs issued a research report saying that it maintained the “buy” rating of AIA (01299) with a target price of HK$101.
According to the report, the company’s mid-term results were strong, with the value of new business up 32% year-on-year at real exchange rates and 37% at constant exchange rates, 4% and 3% higher than the bank’s expectations. The growth rate of new business value in the second quarter was It accelerated to 44% (according to the real exchange rate), compared with 23% in the first quarter of this year. All five major markets achieved growth, and the return of mainland visitors following customs clearance made sales strong, and the Hong Kong business became the main driving force.
The bank pointed out that AIA’s sales of protection products in the field of mainland China and mainland visitors to Hong Kong (MCV) have shown steady growth, of which protection products account for more than 50% of new business (calculated by the number of policies), which is believed to help solve investors’ concerns Medium to long-term momentum concerns.
Reminder from the financial community: The content, data and tools in this article do not constitute any investment advice, are for reference only, and do not have any guiding role. The stock market is risky, investment needs to be cautious!
1692942340
#Goldman #Sachs #Maintain #AIA #buy #rating #target #price #HK101
