JPM: AIA 1Q26 New Business Value Beats Expectations; Reiterates Overweight with TP HKD112

AASTOCKS News
2026.05.04 06:43
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JPM's research report indicates that AIAachieved a new business value of USD1.757 billion in 1Q26, exceeding expectations with a 17% YoY increase. Strong sales in Mainland China and Hong Kong contributed to this performance, despite slightly narrowed product margins. JPM maintains a 13% YoY growth forecast for AIA's new business value in FY2026 and reiterates an Overweight rating with a target price of HKD112.