AIA (01299.HK): New business continues to grow in double digits, increasing repurchases, showing confidence

Core view: The company issued a new business announcement for the first quarter: NBV was US$1.33 billion, +27% YoY (actual exchange rate, same below), and annual premiums of US$2.45 billion for new policies, +23% YoY. “Volume and price are rising”, overlapping

廣發證券13:41

Bank Rating | Damo: Maintaining China Life's H share “gain” rating and target price of HK$12.4

Glonghui, April 29 | Morgan Stanley released a report stating that the value of China Life Insurance's new business increased 26% year-on-year in the first quarter, slightly ahead of this forecast, benefiting from improved business portfolio. Net profit fell 25% year-on-year under comparable circumstances, yet the return on equity still reached 17%. The bank also said that in a low interest rate environment, management indicated that it should focus more on ultra-long-term bonds starting in 2018, accounting for more than 30% of its new investment assets. The asset and liability lifetime gap fell from 5.2 in 2021 to 4.7 in 2022, and fell to 4.4 years last year, better than other peers and allayed some investors' concerns. The line continues

Gelonghui Finance12:47

Hong Kong Stock Afternoon Review | The three major indices rose sharply, domestic housing stocks and insurance stocks rose, Sunac China rose nearly 24%, and AIA Insurance rose nearly 8%

Technet stocks had mixed ups and downs. NetEase rose nearly 3%, Meituan fell nearly 3%; auto stocks rose one after another, with Zero Running up more than 9%, and Xiaopeng Motors rising nearly 5%.

Futu News12:15

Changes in Hong Kong stocks | Hong Kong's local stocks generally rose in early trading, and the MTR (00066) rose by more than 5% in the intraday period, the mainland optimizes the policy for residents to do business in Hong Kong and Macau

Local stocks in Hong Kong generally rose in early trading. As of press release, AIA (01299) rose 7.87% to HK$58.25; MTR Corporation (00066) rose 3.58% to HK$26.05; Hang Lung Properties (00101) rose 4.05% to HK$8.74; and Kowloon Tong Properties (01997) rose 2.31% to HK$24.4.

Zhitong Finance11:34

Changes in Hong Kong stocks | Insurance stocks continue to strengthen, insurer NBV's performance exceeded expectations in the first quarter, and sector valuation repair is expected to continue under asset-side catalysts

The Zhitong Finance App learned that insurance stocks continued to strengthen in early trading. As of press release, AIA (01299) rose 9.07% to HK$58.9; China Taibao (02601) rose 5.72% to HK$18.12; China Life (02628) rose 4.85% to HK$10.8; Xinhua Insurance (01336) rose 4.61% to HK$15.44; Ping An (02318) rose 4.33% to HK$37.35. According to the news, judging from the quarterly reports of listed insurers currently disclosed, the overall year-on-year growth rate of insurers NBV has exceeded expectations under comparable standards. Among them

Zhitong Finance11:02

China Pacific Insurance Outperforms Expectations: An Upgrade to Buy Rating

Jefferies analyst Sam Wong upgraded the rating on China Pacific Insurance (Group) Co (CHPXF – Research Report) to a Buy on April 26, setting a price target of HK$18.00.

TipRanks10:55