The latest update is out from AIA Group ( (HK:1299) ).
AIA Group Limited has announced a US$1.6 billion share buy-back programme as part of its enhanced capital management policy. The programme will be executed by an independent broker under pre-determined parameters, allowing buy-backs during restricted periods with a waiver from the Hong Kong Stock Exchange. This move is expected to strengthen AIA’s market position and provide value to its shareholders.
More about AIA Group
AIA Group Limited is a leading insurance company incorporated in Hong Kong, focusing on providing life insurance and financial services across the Asia-Pacific region. The company is listed on the Hong Kong Stock Exchange and operates with stock codes 1299 (HKD Counter) and 81299 (RMB Counter).
YTD Price Performance: -12.55%
Average Trading Volume: 127,304
Technical Sentiment Signal: Strong Buy
Current Market Cap: $68.66B
For a thorough assessment of 1299 stock, go to TipRanks’ Stock Analysis page.