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<Research>UBS Expects AIA (01299.HK) 1Q VONB to Rise 8.5% YoY on CER Basis, Drops TP to $88
Recommend 14 Positive 23 Negative 15 |
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UBS released a research report forecasting AIA (01299.HK)'s 1Q25 VONB to grow by 8.5% YoY on constant exchange rate (CER) basis, with growth across markets except mainland China. Of which, the Hong Kong market is expected to deliver double-digit growth in VONB on CER basis, primarily driven by the agency channel. The mainland China market is expected to experience a single-digit decline due to margin pressure and high base effects. In light of the changes in the macro environment, UBS lowered its 2025 net profit after tax/ intrinsic value forecasts for AIA by 3%/ 4% each, and dropped its target price from $91 to $88, with rating at Buy. AAStocks Financial News |
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