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18971 SG-AIA @EC2406A (CALL)
RT Nominal unchange0.010 0.000 (0.000%)

03/11/2023 14:32

{I-bank focus}Goldman Sachs: AIA VONB beats estimate

[ET Net News Agency, 3 November 2023] AIA reported 3Q23 VONB of US$994mn, +35% yoy on
constant exchange rates (CER) basis. Goldman Sachs thinks this is 5% ahead of its estimate
and company-compiled consensus of US$949mn/US$947mn.
The research house is encouraged to see that the growth was broad-based, with strong
growth across all key growth segments, including Mainland China, HKSAR, ASEAN, and India.
It keeps the target price at HKD97 and a "buy" rating. (RC)

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