Life and Health Insurance

SAFE Chief Zhu Hexin Meets AIA Chairman Sir Mark Tucker to Discuss Insurance Development

AIA Plans to Repurchase 5.155 Million Shares for HKD 445.63 Million

JPMorgan Raises MSCI Hong Kong Index Target to 16,500 Points on Positive Fundamentals

Bank of China and AIA Deepen Bank-Insurance Synergy to Build New Asia-Pacific Partnership Benchmark

AIA (01299) spends 276 million HKD to repurchase 3.192 million shares

AIA Repurchases 1.375 Million Shares for HKD 120 Million Last Friday, Cumulative Buybacks Reach 200 Million Shares

AIA repurchases about 1,536,000 shares

AIA Hong Kong Launches Ultimate Longevity Index to Measure Affluent Individuals' Readiness for Longevity

AIA repurchases 4.22 million shares

UBS Analyzes AIA's Q1 New Business Value Growth and Initiates Share Repurchase

Tianjin Jiadian Private Equity Fund Partnership Established

AIA repurchased 2.32 million shares for HK$201 million

AIA Launches USD Rate-Linked Life Insurance to Cater to Women's Multiple Roles

AIA repurchased 703,000 shares

BofA Securities Maintains Buy Rating on AIA with Expectation of Exceeding New Business Value Growth

AIA Exceeds Expectations with 17% YOY Increase in New Business Value in Q1 2026

CLSA Raises AIA and Prudential's Target Prices, Forecasts Growth in Hong Kong's New Business Value Profit Margin

AIA issues RMB 2.5 billion subordinated securities

AIA Exceeds Expectations in New Business Value Growth

CENTRAL DEV H

FAMEGLOW

ZHONGSHENJIANYE

TJCD

NEW GONOW RV

REALWAY CAPITAL

ZXZN QI-HOUSE

51WORLD

CH CITY INFRA

EASYHOLD GROUP

Ordinary dividend (cash)

Ex Date: 2026.05.28, Cash dividend 1.4408 HKD

AIA (01299.HK) 2025 Annual Performance Release Conference

AIA (01299.HK) 2025 Mid-Year Performance Release Conference

AIA Group 2024 Full Year Financial Report Live Broadcast

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JPM has raised its MSCI Hong Kong Index target to 16,500, citing a 13% year-to-date increase driven by broad-based recovery in real estate, financials, and consumption. The bank upgraded the real estate sector to Overweight and highlighted top picks including HKEX, AIA, TECHTRONIC IND, SHK PPT, and LINK REIT. The index is currently trading at 15.3x forward P/E, with expected EPS growth of 16% and 5.4% for 2026 and 2027, respectively.

AASTOCKS News

HKEX

TECHTRONIC IND

SHK PPT

LINK REIT

JPM Raises MSCI Hong Kong Index Base TP to 16,500; Top Picks HKEX , AIA , TECHTRONIC IND , SHK PPT , LINK REIT

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CICC released a report detailing investment ratings and target prices (TPs) for various insurers. All listed insurers, including AIA, PRU, and Ping An, received 'Outperform' ratings. The report also includes short selling data and price changes for each stock, with AIA at HKD105.7 and China Life at HKD44.5, among others.

CHINA LIFE

Prudential

AIA Group

China Life

CICC

PING AN

Ping An

Ping An Insurance

CPIC

CHINA TAIPING

SUNSHINE INS

PICC GROUP

PICC Group

PICC P&C

ZA ONLINE

AIA-R

Prudential USD

Prudential plc

PING AN-R

CICC Ratings, TPs on Insurers (Table)

AIA-0.950 (-1.084%) Short selling $457.07M; Ratio 23.313% announced that today (18th), it repurchased 3.192 million shares on the Stock Exchange at prices ranging from HKD85.9 to HKD86.75 per share, involving approximately HKD276 million.Since the ordinary resolution was passed (23 May 2025), the company has cumulatively repurchased approximately 204 million shares, representing 1.9073% of its share capital.(ha/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-18 16:25.)

AIA  Repurchases 3.192 Million Shares for Approx. HKD276 Million

AIA-1.100 (-1.256%) Short selling $377.20M; Ratio 21.736% repurchased 1.375 million shares of the company on the Stock Exchange of Hong Kong last Friday (15th) at prices ranging from HKD87.25 to HKD88.35 per share, involving approximately HKD120 million.Since the ordinary resolution was passed (23 May 2025), the company has cumulatively repurchased about 200 million shares, representing 1.8775% of its share capital.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

AIA Repurchases 1.375M Shares Last Fri, Involving HKD120M

AIA+0.750 (+0.863%) Short selling $656.57M; Ratio 27.826% repurchased 1.298 million shares on the Stock Exchange today (14th) at prices ranging from HKD85.45 to HKD87.9 per share, involving approximately HKD113 million.Since the ordinary resolution was passed (23 May 2025), the company has cumulatively repurchased 199 million shares, representing 1.8646% of its share capital. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-14 16:25.)

AIA  Repurchases 1.298M Shares on Thu for HKD113 million

Citi has revised its end-2026 target for the Hang Seng Index (HSI) to 29,600, down from 30,000, while maintaining an optimistic outlook for the China equity market, particularly in the tech and export sectors. The bank upgraded the insurance sector to "Overweight" and expects strong growth in EPS for the HSI. Key stock picks include Tencent and AIA, while it has identified several stocks for its "Sell" list. Citi also analyzed the potential impacts of easing Middle East conflicts on Hong Kong-listed stocks, highlighting beneficiaries and those under pressure.

Hang Seng Index

TENCENT

Citigroup

CSI 300

Yinhua MSCI China A ETF

XIAOMI-W

BABA-W

Alibaba

MEITUAN

HENGRUI PHARMA

Hengrui Pharma

Trip.com

TRIP.COM-S

MONTAGE TECH

Montage Technology

ASMPT

ZIJIN MINING

Zijin Mining

SHENZHOU INTL

YUE YUEN IND

HENGAN INT'L

POP MART

SAMSONITE

CTF SERVICES

ENN ENERGY

BYD COMPANY

GEELY AUTO

GWMOTOR

Great Wall Motor

HUANENG POWER

CHINA RES POWER

HUISHANG BANK

Bank Of Jiangsu

BYD ELECTRONIC

SJM HOLDINGS

CHERVON

CR MEDICAL

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

BABA-WR

Alibaba HK SDR 5to1

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

Trip.com HK SDR 50to1

Shenzhou International

POP MART HK SDR 20to1

Samsonite

ENN Energy Holdings

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

GWMOTOR-R

Huaneng Power International, Inc. Sponsored ADR Class N

Citi Cuts HSI 2026 TP to 29,600; TENCENT , AIA  Among Top H Shrs Picks

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Yesterday, Prudential's stock price surged by 4.04% at the close, with a trading volume of approximately HKD 42.95 million. The price and volume were well-coordinated, clearly breaking through the recent consolidation range. The MACD daily bullish signal has been established with strong momentum, and the short-term momentum indicators are accelerating divergence, which usually indicates that buying power is forming a consistent directional expectation, confirming a phase of upward trend. In terms of market performance, the stock price maintained strength throughout the day, closing in the high range of the day, with clear signals of bullish control. On the news front, the insurance sector collectively strengthened yesterday, with China Life rising by 4.28%, PICC P&C by 5.91%, CPIC by 3.37%, and AIA by 1.94%, forming a strong collective breakout trend in the sector. Prudential, as an international insurance giant covering the Asian and African markets, benefits from the long-term logic of increasing insurance penetration in emerging Asian markets. Recently, although Federal Reserve officials warned of inflation risks and the possibility of interest rate hikes, the high interest rates provide positive support for the investment income of insurance companies. The improvement in market risk appetite driven by the ceasefire sentiment also favors the valuation recovery of insurance stocks. Technically, the stock price has broken through the 5-day and 10-day moving average resistance, and the short-term moving average system is beginning to shift to a bullish arrangement. The trading volume has significantly increased compared to previous days, making the breakout action effective. The overall strength of the insurance sector provides strong support for individual stocks, and today it is necessary to pay attention to whether the sector's heat can continue. The short-term trend is biased towards bullish, with sector resonance combined with individual stock technical breakthroughs, indicating a high signal strength

Technical Forecast

Pre-market trend | Prudential (2378.HK) surged over 4% on May 7 with increased volume, are the main players in the insurance sector buying up?

BofAS reported that AIA's 1Q new business value (NBV) growth exceeded expectations, driven by Mainland China and Hong Kong markets. NBV rose 13% YoY to USD1.76 billion at constant exchange rates, and 17% at actual rates. Excluding Thailand, NBV growth reached 22%. AIA's share buyback program of USD1.7 billion is expected to complete in four months. BofAS maintains a Buy rating on AIA with a target price of HKD100.

Prudential financial

Bank of America

Prudential Financial Pref Share PRS 5.625 08/15/58

Prudential Financial Pref Share PFH 4.125 09/01/25

Prudential Financial Pref Share PRH 5.95 09/01/62

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

BofAS: AIA  1Q New Business Value Beats, Rating Buy

CLSA has raised the target prices for AIA and PRU, citing a robust Hong Kong insurance market that allows leading insurers to outperform. AIA's target price increased from HKD110 to HKD120, while PRU's target price rose from HKD140 to HKD145. Both companies are expected to see a return to compound growth in their value of new business (VONB) and double-digit growth in embedded value. CLSA anticipates improvements in capital efficiency and total shareholder return, with Hong Kong operations being a key growth driver.

CLSA Raises TP on AIA  and PRU as VONB Resumes Compound Growth; Rated Outperform

CICC has reaffirmed a Buy rating on AIA Group (AAIGF) with a price target of HK$105.70, while the shares closed at HK$85.05. The analyst consensus is a Strong Buy with an average target of HK$103.47, indicating a 21.66% upside. Additionally, DBS also maintained a Buy rating with a target of HK$108.00.

AIA(01299.HK)

JPM Raises MSCI Hong Kong Index Base TP to 16,500; Top Picks HKEX , AIA , TECHTRONIC IND , SHK PPT , LINK REIT

CICC Ratings, TPs on Insurers (Table)

AIA Repurchases 3.192 Million Shares for Approx. HKD276 Million

AIA Repurchases 1.375M Shares Last Fri, Involving HKD120M

AIA Repurchases 1.298M Shares on Thu for HKD113 million

Citi Cuts HSI 2026 TP to 29,600; TENCENT , AIA Among Top H Shrs Picks

Pre-market trend | Prudential (2378.HK) surged over 4% on May 7 with increased volume, are the main players in the insurance sector buying up?

BofAS: AIA 1Q New Business Value Beats, Rating Buy

CLSA Raises TP on AIA and PRU as VONB Resumes Compound Growth; Rated Outperform

CICC Reaffirms Their Buy Rating on AIA Group (AAIGF)

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