[ET Net News Agency, 13 July 2018] HSBC Global Research lifted its target price for AIA
Group (01299) to HK$84 from HK$82, and reiterated its "buy" rating.
AIA reports 1H results on 24 August. The research house moved its model and forecasts
onto a calendar year basis, marked-to-market
and made minor assumption changes. This has led to 8-9% lower NBV, 3% lower EV and 1-7%
higher IFRS OPAT forecasts over 2018-20.
It expects that Hong Kong has been the largest contributor to NBV and APE at 40%. HSBC
estimated 9% NBV growth despite 9% APE fall over 1H 2018/1H 2017 given base effects and
business mix. (KL)