AIA Opens 1.94% Higher, CLSA: 1Q VONB Beats Expectations
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AIAopened 1.94% higher at HKD86.6, with a trading volume of 3.2698 million shares. CLSA reported that AIA's Value of New Business (VONB) in Q1 rose 13% YoY, exceeding expectations by 4%. The Annualized New Premium (ANP) grew 20%, while VONB margin decreased slightly. AIA Hong Kong and AIA China both saw VONB growth over 20%, with AIA China achieving a 26% increase driven by demand for long-term savings products. AIA Hong Kong also showed strong performance despite industry challenges.
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