Added to YB: 2024-04-17
Pitch date: 2024-04-11
1299.HK [bullish]
AIA Group Limited
+79.84%
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 47.90
Price Target
N/A
Dividend
2.11%
EV/EBITDA
11.17
P/E
18.85
EV/Sales
4.78
Sector
Insurance
Category
growth
Show full summary:
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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