[ET Net News Agency, 20 February 2018] Macquarie Research lifted its target price for
AIA Group (01299) to HK$55 from HK$53, and reiterated its "underperform" rating.
The research house said the rating is predicated on its forecasts for a soft upcoming
two quarters for AIA, largely due to rebasing HK cross-border sales.
Overall, it forecast that VNB growth of 9% in 4Q 2017 and 5% in 1Q 2018. This allows for
a rebase of HK cross-border sales, a pickup in unit-linked sales in HK and Singapore,
ongoing strength in China and further margin expansion in several markets.
Macquarie expects ongoing margin expansion from greater protection content and
favourable assumption changes. Any skew towards linked products comes with lower margins
and heightened lapse risk. (KL)
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01299 AIA
Nominal 
58.250 +1.800 (+3.189%) Others
20/02/2018 17:36
[I-bank focus]Macquarie lifts AIA Group (01299) to HK$55
| Remark: | Real time quote last updated: 20/09/2024 18:00 |
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