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<Research>G Sachs Elevates AIA (01299.HK) TP to $96, Reiterates Buy Rating
Recommend 4 Positive 7 Negative 1 |
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AIA (01299.HK)'s share price have risen 62% since last year, currently valued at 1.4x the projected 1-year PEV, marking a new high since 2023, but still below the 1.7x average in 2013-2023, Goldman Sachs published a research report saying. The broker believed that AIA's compound growth story remains intact, despite investor concerns about the increasing proportion of savings products in mainland China and Hong Kong markets, which it believed are already reflected in the valuation. The current valuation risk-reward is attractive. Goldman Sachs elevated its target price for AIA from $85 to $96, equivalent to 1.4x the projected 2027 embedded value, with rating reaffirmed at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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