Added to YB: 2026-03-20
Pitch date: 2026-01-20
1299.HK [bullish]
AIA Group Limited
+0.91%
current return
Author Info
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Company Info
AIA Group Limited, together with its subsidiaries, provides life insurance based financial services in Hong Kong.
Market Cap
HKD 111.3B
Pitch Price
HKD 82.05
Price Target
104.42 (+26%)
Dividend
2.11%
EV/EBITDA
11.17
P/E
18.85
EV/Sales
4.78
Sector
Insurance
Category
growth
AIA Group Limited - $1299.HK
1299.HK: Pan-Asian insurer, top 3 share in most markets ex-China. VONB +17.9% in 2024, finally above 2019 after COVID lull. China/HK 55% of ANP; targeting 40% China VONB CAGR 2025-2030. Conservative: 80% fixed income, AA-/A1, 307% LCSM. PT HKD 104.42 (25.4% upside) on 16.7x VONB (ex-China) & 12.5x China. Alt: 17x NTM P/E (hist avg) = 20% upside vs 14.2x today. Risks: regulatory, rates, competition from local Chinese players.
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