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01299
AIA
HKD
85.8002.300
(2.75%)
1D
AI Analysis for 01299
AI Analysis
High
86.350
Open
85.400
VWAP
85.30
Vol
16.28M
Mkt Cap
829.98B
Low
84.900
Amount
1.39B
EV/EBITDA(TTM)
11.88
Total Shares
10.51B
EV
122.90B
EV/OCF(TTM)
20.08
P/S(TTM)
4.41
AIA Group Ltd is an investment holding company mainly engaged in the life insurance and health insurance business. The Company provides individual and group life insurance, accident and health insurance, savings and retirement products, and offers related services including employee benefits, credit insurance and wealth management. The Company operates across multiple Asian markets through its subsidiaries and joint ventures.
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News
4.5
01:34 AMaastocksHSI Starts 422 Points Up; HSBC HOLDINGS Gains 3%; Strong Performance in Chips and Commodities
Market Performance: The HSI opened 1.6% higher at 26,982, with significant gains in the HSCEI and HSTECH, reflecting a positive trend in the Hong Kong stock market.
Tech Sector Highlights: Major tech stocks like TENCENT and JD-SW saw increases, while KUAISHOU-W experienced a decline; overall, tech stocks showed a mixed performance with varying short selling ratios.
Automotive and Commodity Stocks: BYD COMPANY and other automotive stocks like NIO-SW and XPENG-W reported gains, alongside a rebound in commodity prices benefiting gold and mining stocks.
Financial Sector Gains: Financial stocks, including HSBC HOLDINGS and HKEX, opened higher, indicating a positive sentiment in the financial market amidst broader market gains.
4.5
02-06aastocksHSI Drops 325 Points or 1.2% as AIA Declines Over 5%; NIO-SW Rises Approximately 7%
Market Performance: The HSI fell 325 points (1.2%) to close at 26,559, with the HSCEI and HSTECH also experiencing declines of 0.7% and 1.1%, respectively, amid a total market turnover of $247.865 billion.
Financial Sector Decline: Major financial stocks like HSBC and AIA saw significant drops of 2.7% and 5.5%, respectively, with short selling ratios indicating increased bearish sentiment.
Volatile Commodities Market: The commodities sector faced volatility, with stocks like CHI SILVER GP and MMG declining over 3%, while jewelry stock LAOPU GOLD also lost 2.32%.
Automakers' Gains: In contrast, automakers such as BYD and NIO saw gains, with NIO rising 6.9% after announcing its first profit, while battery stock CATL increased by 1.8%.
4.5
02-06aastocks<Full-day Summary> HSI Falls 325 Points; HSTI Declines 59 Points; AIA Drops More Than 5%; ZTO EXPRESS-W, BOC HONG KONG, SHK PPT, REALORD GROUP, SANY INT'L Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 325 points (1.2%) to 26,559, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines, with market turnover reaching $247.87 billion.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Tencent saw significant drops, with Alibaba closing down 2.9% at $155, while Xiaomi and CCB managed slight gains.
Notable Movers: AIA experienced a sharp decline of 5.5%, while Li Auto and Mengniu Dairy saw increases of 3.6% and 3%, respectively, with several stocks hitting new highs.
Short Selling Trends: High short selling ratios were noted for several companies, including Ping An and CCB, indicating increased market speculation and potential bearish sentiment.
6.5
02-06aastocksG Sachs' Recommended Buy List for H Shares According to ERLI (Table)
Goldman Sachs Buy Stocks: Goldman Sachs released a list of Buy stocks in Hong Kong based on the Earnings Revision Leading Indicator (ERLI), including notable companies like AIA, Xiaomi, and HKEX.
Stock Performance: The report highlighted various stocks with their respective short selling data, showing significant short selling ratios for companies like Ping An and JD Logistics.
Market Reactions: AIA received positive outlook from Haitong International, which raised its target price, indicating optimism about its growth prospects for 2026/2027.
Short Selling Trends: The report detailed short selling activities across multiple stocks, with varying ratios indicating market sentiment and potential investor strategies.
4.5
02-06aastocksHSI Drops 304 Points at Midday; AIA Plummets Nearly 5% Amid Weak Financials
Market Performance: The HSI fell 304 points (1.1%) to 26,580, with the HSCEI and HSTECH also experiencing declines, while total market turnover reached HKD139.462 billion.
Financial Stocks Decline: Major financial stocks like HSBC, AIA, and Standard Chartered saw significant drops, with short selling ratios indicating increased market pressure.
Tech Stocks Movement: Tech stocks such as Meituan, Tencent, and Alibaba faced losses, while some companies like Bilibili and Kuaishou also reported declines in their stock prices.
Carmakers Rally: In contrast to the overall market, car manufacturers like Geely, BYD, and NIO experienced gains, with notable increases in their stock prices amidst the downturn.
Money Flow
Over the past 66 trading days, overall net money flow is 761.67M, with retail investors contributing 6.40M and major investors adding 692.12M.
Net Buy $ Volume
Net Sell $ Volume
Haitong International
Outperform
maintain
2026-02-02
Reason
Haitong International has reiterated an Outperform rating on AIA due to its expectation of a 14% growth in new business value for 4Q25 at actual exchange rates, along with optimism about AIA's growth prospects for 2026-27. The broker cites factors such as higher agent productivity, channel diversification, and potentially improved performance in Hong Kong and Mainland China as drivers for maintaining a mid-double-digit growth trajectory in the coming years. Additionally, they have raised the target price from HKD 99.5 to HKD 108.5, reflecting their positive outlook on the company's future performance.
Haitong International
Outperform
Price Target
2026-02-02
maintain
Haitong International has reiterated an Outperform rating on AIA due to its expectation of a 14% growth in new business value for 4Q25 at actual exchange rates, along with optimism about AIA's growth prospects for 2026-27. The broker cites factors such as higher agent productivity, channel diversification, and potentially improved performance in Hong Kong and Mainland China as drivers for maintaining a mid-double-digit growth trajectory in the coming years. Additionally, they have raised the target price from HKD 99.5 to HKD 108.5, reflecting their positive outlook on the company's future performance.
Haitong International
Haitong International
maintain
2026-02-02
Reason
The analyst rating from Haitong International reflects optimism about AIA's growth prospects for 2026 and 2027, driven by several factors. The report anticipates a 14% growth in the Group's new business value for 4Q25 and projects a healthy and sustainable growth trajectory of 15-17% for 2026/2027. This positive outlook is attributed to increased agency productivity, channel diversification, and potentially better performance in the Hong Kong and China markets. Additionally, Haitong International raised its new business value forecasts for AIA by 0-7% and increased its target price from $99.5 to $108.5, maintaining an "Outperform" rating.
Haitong International
Price Target
2026-02-02
maintain
The analyst rating from Haitong International reflects optimism about AIA's growth prospects for 2026 and 2027, driven by several factors. The report anticipates a 14% growth in the Group's new business value for 4Q25 and projects a healthy and sustainable growth trajectory of 15-17% for 2026/2027. This positive outlook is attributed to increased agency productivity, channel diversification, and potentially better performance in the Hong Kong and China markets. Additionally, Haitong International raised its new business value forecasts for AIA by 0-7% and increased its target price from $99.5 to $108.5, maintaining an "Outperform" rating.
Goldman Sachs
Goldman Sachs
maintain
$85 -> $96
2026-01-30
Reason
The analyst rating for AIA (01299.HK) is reaffirmed at "Buy" by Goldman Sachs due to several reasons:
1. Strong Share Price Performance: AIA's share price has risen 62% since last year, indicating strong market performance.
2. Valuation Metrics: The current valuation is at 1.4x the projected 1-year PEV, which, while a new high since 2023, is still below the average of 1.7x from 2013-2023. This suggests potential for further growth.
3. Compound Growth Story: Goldman Sachs believes that AIA's compound growth story remains intact despite concerns regarding the increasing proportion of savings products in mainland China and Hong Kong markets. They feel these concerns are already reflected in the current valuation.
4. Attractive Risk-Reward Profile: The current valuation risk-reward is considered attractive, prompting Goldman Sachs to raise its target price for AIA from $85 to $96, which is equivalent to 1.4x the projected 2027 embedded value.
Overall, these factors contribute to a positive outlook on AIA, justifying the "Buy" rating.
Goldman Sachs
Price Target
$85 -> $96
2026-01-30
maintain
The analyst rating for AIA (01299.HK) is reaffirmed at "Buy" by Goldman Sachs due to several reasons:
1. Strong Share Price Performance: AIA's share price has risen 62% since last year, indicating strong market performance.
2. Valuation Metrics: The current valuation is at 1.4x the projected 1-year PEV, which, while a new high since 2023, is still below the average of 1.7x from 2013-2023. This suggests potential for further growth.
3. Compound Growth Story: Goldman Sachs believes that AIA's compound growth story remains intact despite concerns regarding the increasing proportion of savings products in mainland China and Hong Kong markets. They feel these concerns are already reflected in the current valuation.
4. Attractive Risk-Reward Profile: The current valuation risk-reward is considered attractive, prompting Goldman Sachs to raise its target price for AIA from $85 to $96, which is equivalent to 1.4x the projected 2027 embedded value.
Overall, these factors contribute to a positive outlook on AIA, justifying the "Buy" rating.
Citi Research
NULL -> Buy
upgrade
$99 -> $103
2026-01-29
Reason
The analyst rating from Citi Research is based on the expectation that AIA will release solid 2025 results, driven by significant growth in its operations in Hong Kong, Thailand, and Singapore. The report predicts a 19% year-over-year growth in new business value, an 8% increase in operating profit, and a 12% rise in operating profit per share, all of which surpass management's guidance. Additionally, the anticipated 12% increase in embedded value and a projected 10% rise in full-year dividends per share further support the positive outlook. As a result, Citi Research raised its target price for AIA and maintained a "Buy" rating.
Citi Research
NULL -> Buy
Price Target
$99 -> $103
2026-01-29
upgrade
The analyst rating from Citi Research is based on the expectation that AIA will release solid 2025 results, driven by significant growth in its operations in Hong Kong, Thailand, and Singapore. The report predicts a 19% year-over-year growth in new business value, an 8% increase in operating profit, and a 12% rise in operating profit per share, all of which surpass management's guidance. Additionally, the anticipated 12% increase in embedded value and a projected 10% rise in full-year dividends per share further support the positive outlook. As a result, Citi Research raised its target price for AIA and maintained a "Buy" rating.
JPMorgan
JPMorgan
maintain
$115
2026-01-29
Reason
The analyst rating for AIA (01299.HK) is maintained at "Overweight" due to several key reasons highlighted in the JPMorgan report:
1. Strong Performance: AIA has outperformed the market over the past 12 months, with a total increase of 63%, significantly surpassing the HSI's rise of approximately 37%.
2. Beneficiary of Weakening USD: AIA is identified as a major beneficiary of the weakening US dollar, which could positively impact its financial performance.
3. Potential for Increased Business Growth Forecasts: There is an expectation that the market may raise its future business growth forecasts for AIA, which could serve as a catalyst for further valuation increases.
4. Positive Market Outlook: Anticipation of better performance in key markets such as Hong Kong, mainland China, and Thailand, along with potential data disclosures from a joint venture in India, supports upgrades to AIA's new business value growth forecasts for FY2026/2027.
5. Target Price Increase: JPMorgan has raised its target price for AIA to $115, reflecting confidence in the company's growth prospects.
These factors collectively contribute to the positive analyst rating and outlook for AIA.
JPMorgan
Price Target
$115
2026-01-29
maintain
The analyst rating for AIA (01299.HK) is maintained at "Overweight" due to several key reasons highlighted in the JPMorgan report:
1. Strong Performance: AIA has outperformed the market over the past 12 months, with a total increase of 63%, significantly surpassing the HSI's rise of approximately 37%.
2. Beneficiary of Weakening USD: AIA is identified as a major beneficiary of the weakening US dollar, which could positively impact its financial performance.
3. Potential for Increased Business Growth Forecasts: There is an expectation that the market may raise its future business growth forecasts for AIA, which could serve as a catalyst for further valuation increases.
4. Positive Market Outlook: Anticipation of better performance in key markets such as Hong Kong, mainland China, and Thailand, along with potential data disclosures from a joint venture in India, supports upgrades to AIA's new business value growth forecasts for FY2026/2027.
5. Target Price Increase: JPMorgan has raised its target price for AIA to $115, reflecting confidence in the company's growth prospects.
These factors collectively contribute to the positive analyst rating and outlook for AIA.
Morgan Stanley
Morgan Stanley
Overweight
maintain
$96 -> $111
2026-01-28
Reason
Morgan Stanley maintained an optimistic outlook on AIA (01299.HK) and lifted its target price by 16% to $111, citing strong growth in the company's new business value for 2025, which is expected to rise by 17% on a constant exchange rate basis. The report highlighted that AIA's new business value is forecasted to reach US$5.58 billion, driven by significant growth in key markets such as Hong Kong, Thailand, and Singapore, with growth rates of 28%, 19%, and 19%, respectively. Despite a slight normalization in growth in the fourth quarter of 2025 to 13%, the overall performance remained robust, with expectations for a 13% increase in full-year operating profit and an 18% increase in embedded value per share. This strong performance and growth potential laid a solid foundation for 2026, justifying the Overweight rating.
Morgan Stanley
Overweight
Price Target
$96 -> $111
2026-01-28
maintain
Morgan Stanley maintained an optimistic outlook on AIA (01299.HK) and lifted its target price by 16% to $111, citing strong growth in the company's new business value for 2025, which is expected to rise by 17% on a constant exchange rate basis. The report highlighted that AIA's new business value is forecasted to reach US$5.58 billion, driven by significant growth in key markets such as Hong Kong, Thailand, and Singapore, with growth rates of 28%, 19%, and 19%, respectively. Despite a slight normalization in growth in the fourth quarter of 2025 to 13%, the overall performance remained robust, with expectations for a 13% increase in full-year operating profit and an 18% increase in embedded value per share. This strong performance and growth potential laid a solid foundation for 2026, justifying the Overweight rating.
CICC
CICC
maintain
2026-01-27
Reason
The analyst rating is influenced by a recent policy package issued by the Insurance Association of China, the China Association of Actuaries, and the China Banking and Insurance Information Technology Management. This package aims to improve key infrastructure in commercial health insurance, addressing critical issues such as pricing data, product design, and information sharing. The broker, CICC, believes that these measures will help overcome long-standing obstacles in the industry, which have led to a cycle of low product value creation and funding efficiency. As a result, the analyst sees potential for a positive shift in the industry, recommending investors focus on opportunities in leading internet platforms, insurance groups, brokerage channels, reinsurers, and pharmaceutical enterprises that can benefit from the anticipated improvements in the health insurance market.
CICC
Price Target
2026-01-27
maintain
The analyst rating is influenced by a recent policy package issued by the Insurance Association of China, the China Association of Actuaries, and the China Banking and Insurance Information Technology Management. This package aims to improve key infrastructure in commercial health insurance, addressing critical issues such as pricing data, product design, and information sharing. The broker, CICC, believes that these measures will help overcome long-standing obstacles in the industry, which have led to a cycle of low product value creation and funding efficiency. As a result, the analyst sees potential for a positive shift in the industry, recommending investors focus on opportunities in leading internet platforms, insurance groups, brokerage channels, reinsurers, and pharmaceutical enterprises that can benefit from the anticipated improvements in the health insurance market.
JPMorgan
JPMorgan
Overweight
maintain
$40
2026-01-19
Reason
The analyst rating from JPMorgan is based on the observation that Asian insurers, particularly those in Hong Kong and China, have shown stronger price performance year-to-date compared to their respective market indices. The report highlights that these insurers have experienced an average price increase of 8%, which is more favorable than the performance of the Hang Seng Index (HSI) and Shanghai Composite Index (SHCOMP). In contrast, South Korean insurers have seen a decline, which further emphasizes the relative strength of the Hong Kong/China market.
JPMorgan believes that emerging markets (EMs) in Asia, excluding Japan and Australia, offer more favorable risk-reward characteristics due to stronger fundamental momentum, including improvements in earnings, growth, and solvency capital. The preference for life insurers over non-life and reinsurers is attributed to less favorable cyclical underwriting cycles and pricing trends for the latter since the beginning of the year.
Overall, the positive ratings for specific insurers like AIA, China Life, and Ping An reflect JPMorgan's confidence in their growth potential and financial stability in the current market environment.
JPMorgan
Overweight
Price Target
$40
2026-01-19
maintain
The analyst rating from JPMorgan is based on the observation that Asian insurers, particularly those in Hong Kong and China, have shown stronger price performance year-to-date compared to their respective market indices. The report highlights that these insurers have experienced an average price increase of 8%, which is more favorable than the performance of the Hang Seng Index (HSI) and Shanghai Composite Index (SHCOMP). In contrast, South Korean insurers have seen a decline, which further emphasizes the relative strength of the Hong Kong/China market.
JPMorgan believes that emerging markets (EMs) in Asia, excluding Japan and Australia, offer more favorable risk-reward characteristics due to stronger fundamental momentum, including improvements in earnings, growth, and solvency capital. The preference for life insurers over non-life and reinsurers is attributed to less favorable cyclical underwriting cycles and pricing trends for the latter since the beginning of the year.
Overall, the positive ratings for specific insurers like AIA, China Life, and Ping An reflect JPMorgan's confidence in their growth potential and financial stability in the current market environment.
Goldman Sachs
maintain
$110
2026-01-08
Reason
The analyst rating for AIA (01299.HK) is based on optimism regarding the company's growth prospects in mainland China and Hong Kong for 2026, driven by strong sales momentum and a positive profit margin outlook. Goldman Sachs highlighted these factors in their research report. Additionally, despite potential challenges in the Thai market due to high base effects impacting new business growth from 4Q25 to 1H26, the overall sentiment remains positive, leading to a "Buy" rating with a target price of $85.
Goldman Sachs
Price Target
$110
2026-01-08
maintain
The analyst rating for AIA (01299.HK) is based on optimism regarding the company's growth prospects in mainland China and Hong Kong for 2026, driven by strong sales momentum and a positive profit margin outlook. Goldman Sachs highlighted these factors in their research report. Additionally, despite potential challenges in the Thai market due to high base effects impacting new business growth from 4Q25 to 1H26, the overall sentiment remains positive, leading to a "Buy" rating with a target price of $85.
CLSA
CLSA
Outperform
maintain
$110
2026-01-06
Reason
The analyst rating from CLSA for AIA (01299.HK) is based on several key factors:
1. Long-term Quality Earnings Growth: CLSA appreciates AIA's ability to achieve sustainable earnings growth over the long term.
2. Shareholder Returns: The report highlights AIA's commitment to delivering returns to shareholders.
3. Shift in Strategy: CLSA believes that AIA's transition from new business investment to focusing on organic growth and reducing buybacks will enhance long-term shareholder value.
4. Target Price and Rating: Despite lowering its earnings forecast due to capital market volatility, CLSA maintains a target price of $110 and an "Outperform" rating, indicating confidence in AIA as a top pick in the Asian insurance sector.
5. Key Strategic Initiatives: The report points to important factors to monitor, such as strategic and leadership initiatives from AIA's new chairman, growth in Hong Kong's new business value, and strategies for new business in mainland China, as well as details on the joint venture in India.
Overall, the rating reflects a positive outlook on AIA's strategic direction and potential for growth, despite current market challenges.
CLSA
Outperform
Price Target
$110
2026-01-06
maintain
The analyst rating from CLSA for AIA (01299.HK) is based on several key factors:
1. Long-term Quality Earnings Growth: CLSA appreciates AIA's ability to achieve sustainable earnings growth over the long term.
2. Shareholder Returns: The report highlights AIA's commitment to delivering returns to shareholders.
3. Shift in Strategy: CLSA believes that AIA's transition from new business investment to focusing on organic growth and reducing buybacks will enhance long-term shareholder value.
4. Target Price and Rating: Despite lowering its earnings forecast due to capital market volatility, CLSA maintains a target price of $110 and an "Outperform" rating, indicating confidence in AIA as a top pick in the Asian insurance sector.
5. Key Strategic Initiatives: The report points to important factors to monitor, such as strategic and leadership initiatives from AIA's new chairman, growth in Hong Kong's new business value, and strategies for new business in mainland China, as well as details on the joint venture in India.
Overall, the rating reflects a positive outlook on AIA's strategic direction and potential for growth, despite current market challenges.
Valuation Metrics
Forward PE
N/A
5Y Average PE
0.18
Current PE
0.00
Overvalued PE
1.79
Undervalued PE
-1.42
Forward EV/EBITDA
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00
Forward PS
5Y Average PS
3.95
Current PS
5.04
Overvalued PS
4.94
Undervalued PS
2.96
Financials
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