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<Research>Jefferies Rates AIA as Buy; Growth Momentum Likely to Exceed Mkt Forecast
Recommend 14 Positive 12 Negative 10 |
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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 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
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