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| HSI1 | 25,884.43 | +25.55 | 328.18B |
| HSCEI1 | 8,612.15 | -32.56 | 103.63B |
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2026-07-31 15:24:26 JPMorgan released a report on AIA (01299.HK), of which share price has slightly lagged behind so far this year, slipping 0.3%, compared with a 0.9% gain in the HSI. The broker estimated solid results for 1H26, with VNB reaching USD3.26 billion, up 15% YoY, post-tax operating profit reaching USD3.97 billion, up 10% YoY, and interim DPS at HKD0.54, up 10% YoY. The performance was expected to ride on steady balance sheet expansion, as well as double-digit growth in life business sales and cash flow. However, the broker said AIA has limited near-term catalysts, while visibility on Hong Kong offshore-related regulations is unlikely to improve notably in the short term. Therefore, ahead of the 1H26 results announcement, the broker preferred Chinese insurers PING AN (02318.HK) and CHINA LIFE (02628.HK), given their more appealing relative valuations and yields. The TP on AIA was raised from HKD112 to HKD118. The rating was kept at Overweight. ~ AASTOCKS Financial News Website: www.aastocks.com | |