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<Research>Jefferies Rates AIA as Buy; Growth Momentum Likely to Exceed Mkt Forecast
Recommend 11 Positive 8 Negative 6 |
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AIA (01299.HK)'s 1Q26 new business value surprised the market with a 13% growth in 1Q26, Jefferies said in its research report. The group managed to deliver solid results while the market was generally concerned that a high base effect in the Thailand operations in 1Q25 would weigh on growth in 1Q26. Excluding the Thailand operations, AIA's new business value growth would have reached 22% in 1Q26, with increases in its two largest markets, Mainland China and Hong Kong, both exceeding 20%. Assuming the current growth momentum continues for the rest of this year, AIA is well-positioned to significantly outperform market consensus expectations. Jefferies has given AIA a Buy rating and a target price of HKD97. Auto-translated by AI AASTOCKS Financial News |
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