[ET Net News Agency, 2 March 2018] HSBC Global Research lifted its target price for AIA
Group (01299) to HK$82 from HK$74, and reiterated its "buy" rating.
The research house hosted AIA's FY2017 results roadshow in Hong Kong during 28 February
and 1 March.
It said the key takeaways were: (i) China new business momentum does not appear to be
significantly impacted by Document 134; (2) Hong Kong continues to experience strong new
business growth across customer segments and distribution channels; (3) Thailand is
starting to see the green shoots of recovery in new business; (4) Encouraging signs in
Singapore with 7% NBV growth over 2H 2017/2H 2016; (5) New business strain expected to
grow in line with NBV having declined to 39% of NBV in 2017 from 50% in 2016. (6) Dividend
policy to remain prudent. (KL)
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01299 AIA
Nominal 
54.000 +2.450 (+4.753%) Others
02/03/2018 14:02
[I-bank focus]HSBC lifts AIA Group (01299) to HK$82
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