AIA Group Stock Climbs 2.3% in Hong Kong
Citi: Expects AIA (01299.HK) to report a 14% increase in first-half new business value; slightly raises EPS estimates and maintains 'Buy' rating.
Citi published a research report expecting AIA (01299.HK) to announce its interim results for the first half of 2026 on August 20. The bank estimates that despite the challenge posed by a high base effect, AIA’s new business value (NBV) from its China and Hong Kong operations, measured on a constant exchange rate basis, will still record year-over-year growth of 19% and 13%, respectively, driving the group’s overall NBV—measured on an actual exchange rate basis—to grow by 14% year-over-year to USD 3.232 billion. Meanwhile, factoring in the impact of share buybacks, the bank forecasts that operating profit attributable to shareholders per share will increase by 11% year-over-year, and the interim dividend per share is also expected to rise by 12% accordingly. The bank noted that, on a
UBS Securities downgrades AIA (01299.HK) target price to HK$100, reiterates 'Buy' rating; expects VONB to rise 13% year-on-year in the next quarter.
Since late May, mainland China has launched a large-scale crackdown on illicit cross-border capital flows, intensifying enforcement against unauthorized cross-border securities trading and capital outflows, and for the first time bringing individuals under the regulatory framework governing outbound investments. Daiwa Capital Markets published a report noting that market concerns over the potential impact of these new measures on AIA Group’s (01299.HK) Mainland China Value (MCV) business may be overblown. Under a base-case scenario, a full prohibition is not expected, though some degree of tightening remains possible. Current depressed valuations could attract long-term investors, particularly if AIA can sustain its momentum in VONB growth across mainland China and other ASEAN markets and provide greater clarity regarding MCV sales ahead of its upcoming announcement.
Mark Tucker is reported to have returned to AIA Group (01299.HK) with a firm leadership style and has been actively involved in strategic matters.
According to sources cited by Bloomberg, since Mark Tucker returned to AIA Group (01299.HK) in October last year to serve as Independent Non-Executive Chairman, he has adopted a firm leadership style and taken an active role in strategic matters—marking a departure from the more hands-off management approach of his predecessor, Keith Siu. It is understood that Tucker has participated in numerous meetings, including reviews of the company’s organizational structure and operational efficiency, as well as assessments of individual business units—an unusually engaged approach for a non-executive chairman that has reportedly unsettled some members of senior management. Sources indicated that Tucker recently initiated a collaboration with consulting firms such as McKinsey & Company and Mercer to conduct a comprehensive review of AIA’s human
AIA Group Stock Slides 1.9% in Hong Kong
AIA Group Stock Climbs 1.9% in Hong Kong