Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Reiterates Buy on AIA/ PRU/ FWD; HK-Listed Insurers' 1Q Results Focus on CN Visitor Demand
Recommend 26 Positive 23 Negative 10 |
||||
|
||||
|
AIA (01299.HK), PRU (02378.HK), and FWD (01828.HK) are set to announce their 1Q26 operating data on April 30, according to a report from Goldman Sachs. In Goldman Sachs' estimation, AIA's value of new business (VONB) would have grown by 16% YoY on an actual exchange rate (AER) basis to USD1.739 billion, PRU's new business profit (NBP) would have increased by 14% YoY on an AER basis to USD695 million, and FWD's new business value (NBV) would have seen single-digit growth in 1Q26. Goldman Sachs also expects AIA, PRU, and FWD to continue delivering double-digit growth in new business value in the Hong Kong market in FY26, given the sustained demand from Mainland China Visitors (MCV). Visitor arrivals in 1Q26 rose by 20% YoY, higher than the 11% increase for the entire year of 2025, which should drive solid growth in the number of new policies. The broker has kept a Buy rating on AIA, PRU, and FWD, with unchanged target prices of HKD97, HKD151, and HKD43, respectively. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
