In a report released today, Kenny Lim from UOB Kay Hian maintained a Buy rating on AIA Group, with a price target of HK$91.00.
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Kenny Lim has given his Buy rating due to a combination of factors that highlight AIA Group’s robust performance and promising future prospects. The company’s value of new business (VONB) growth for the first half of 2025 was in line with expectations, showing a 16% year-on-year increase, driven by strong performances in Thailand, Hong Kong, and Singapore. Despite challenges in AIA China, the company is expected to regain investor confidence through margin expansion and growth in new regions.
Kenny Lim also noted the strong operational profit after tax (OPAT) growth, which exceeded expectations due to higher contractual service margin (CSM) releases and improved operating variances. AIA Hong Kong emerged as a significant growth driver, with a 24% year-on-year VONB growth, particularly from the mainland China visitors segment. The introduction of innovative long-term savings products in Hong Kong has further strengthened sales momentum, supporting the Buy rating with a target price of HK$91.00.
According to TipRanks, Lim is a 2-star analyst with an average return of 17.3% and a 75.00% success rate.
In another report released today, DBS also maintained a Buy rating on the stock with a HK$100.00 price target.