Furui: AIA Group's growth momentum is expected to surpass market consensus, rating "Buy"

According to the Zhidao finance app, Credit Suisse released a research report stating that the new business value of AIA Insurance (01299.HK) in the first quarter of this year increased by 13%, a surprising performance. Despite market concerns about the high base effect of last year's first quarter in the Thailand business potentially dragging down growth in the first quarter of this year, the group's results were excellent. Excluding the Thailand business, AIA's new business value in the first quarter increased by as much as 22%, with growth in both the mainland and Hong Kong markets exceeding 20%. The stock was given a "buy" rating with a target price of 97 Hong Kong dollars. The report pointed out that if the current growth momentum continues for the remainder of the year, AIA is expected to significantly exceed market consensus expectations.