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<Research>JPM: AIA (01299.HK) Outperforms Mkt Over Past Yr; Potential Earnings Forecast Upgrade to Become Valuation Catalyst
Recommend 10 Positive 24 Negative 5 |
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AIA (01299.HK) has outperformed the market over the past 12 months, with a total incline of 63%, compared to the HSI's rise of approx. 37% during the same period, JPMorgan published a research report saying. Its current price level is equivalent to about 1.5x the projected PEV ratio for FY2026. AIA is a major beneficiary of the weakening USD, JPMorgan noted. If the market further raises its future business growth forecasts, it will become the next catalyst for its valuation increase. The anticipation of better performance in the Hong Kong, mainland China and Thailand markets, as well as the potential disclosure of data from the Group's joint venture in India, will support market upgrades to AIA's new business value growth forecasts for FY2026/ 2027. Therefore, the broker lifted its target price for AIA to $115, with rating kept at Overweight. AASTOCKS Financial News Website: www.aastocks.com |
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