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<Research>UBS: AIA (01299.HK) VNB Can Maintain Reasonable & Sustainable Growth; Rating Reiterated at Buy
Recommend 7 Positive 10 Negative 2 |
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AIA (01299.HK)'s management attended its GCC 2026, UBS released a research report saying. The Company believed that the Group's value of new business (VNB) can maintain growth of approx. 15-17% (mid-teens), which is both reasonable and sustainable. The main driving factors include high single-digit growth in the number of active agents, continuous improvement in agent productivity and additional upside from partnership channels such as bancassurance and broker. The agency channel remains AIA's core distribution method, contributing 74% of the Group's VNB in 2024. The Company believed that bancassurance and broker channels complement the agency channel well and do not erode the agent business. Therefore, UBS reiterated rating at Buy for AIA, with a target price of $88. AASTOCKS Financial News Website: www.aastocks.com |
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