Added to YB: 2024-04-17
Pitch date: 2024-04-11
1299.HK [bullish]
AIA Group Limited
+68.36%
current return
Author Info
No bio for this author
Company Info
AIA Group Limited, together with its subsidiaries, provides life insurance based financial services. The company offers life insurance, accident, and health insurance and savings plans; and employee benefits, credit life, and pension services to corporate clients.
Market Cap
HKD 80.3B
Pitch Price
HKD 47.90
Price Target
N/A
Dividend
2.99%
EV/EBITDA
11.37
P/E
12.20
EV/Sales
4.08
Sector
Insurance
Category
growth
Aristotle Capital International Equity Portfolio Holding: AIA Group Limited
AIA 1299.HK: Pan-Asian life insurer with improving fundamentals despite China macro concerns. VONB +33% in 2023 driven by double-digit growth in China, HK & ASEAN ex-Vietnam. Completed digital transformation cut costs 30%+ & improved CX. Well-positioned for continued share gains in China & Asia expansion via productive agency force & bank partnerships.
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