Report
Iris Tan
EUR 101.80 For Business Accounts Only

AIA continues to benefit from fast-growing demand in China and Hong Kong.

AIA’s 2016 annual results delivered 25% and 10% respective increases in new business value and embedded value. The year-on-year growth came in higher than our growth expectations of 22% and 8%, thanks to robust sales in the Hong Kong and Chinese markets, along with better-than-expected investment returns and exchange-rate impacts. However, we think these factors are largely incorporated into its current share price, and we plan to modestly increase our fair value estimate by 5%-6% to reflect the...
Underlying
AIA Group Limited

AIA Group is an investment holding company. Co. is a life insurance based financial services provider operating throughout the Asia Pacific region. Through its subsidiaries, Co. is engaged in writing of life insurance business; providing life insurance, pension, accident and health insurance and savings plans throughout Asia; and distributing related investment and other financial services products to its customers. Through a network across Asia-Pacific, Co. serves the holders of over 28 million individual policies and over 16 million participating members of group policies. As of Nov 30 2013, Co. had operations in 17 markets throughout Asia-Pacific region.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Iris Tan

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