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<Research>CLSA Reiterates Buy on AIA (01299.HK), Citing Historically Low Current Valuation
Recommend 35 Positive 80 Negative 37 |
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CLSA commented in a report that AIA (01299.HK) has suffered an unexpected drop in share price after disclosing last year's results, which the broker attributes to concerns about the macro environment. However, the company's fundamentals remained sound. The broker expected AIA's value of new business to grow by 18% in 1Q24. With valuation at a historically low level and a 6% return to shareholders, CLSA reiterated its Buy rating on the company and maintained its target price at $80. AAStocks Financial News |
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