Previous Close | 59.050 |
Open | 58.050 |
Bid | 57.650 x 0 |
Ask | 57.750 x 0 |
Day's Range | 57.050 - 58.500 |
52 Week Range | 57.050 - 86.800 |
Volume | |
Avg. Volume | 26,332,607 |
Market Cap | 650.221B |
Beta (5Y Monthly) | 0.83 |
PE Ratio (TTM) | 2,885.00 |
EPS (TTM) | 0.020 |
Earnings Date | Mar 14, 2024 |
Forward Dividend & Yield | 2.38 (4.03%) |
Ex-Dividend Date | May 29, 2024 |
1y Target Est | 97.07 |
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AIA Group’s value of new business rose in 2023 as it benefited from the lifting of pandemic restrictions in mainland China, which saw robust demand for its insurance products.
The Asia-focused insurer benefited from a surge in customers from mainland China who travelled to buy offshore products as they look to capitalise on potentially lower premiums and higher returns in Hong Kong. A comparative shortage of investment channels amid China's weakening yuan has removed the shine off Chinese insurance with an increasing number of mainlanders becoming more and more aware of the advantages involving offshore insurance policies. Mainland Chinese tourists spent HK$59 billion ($7.54 billion) on insurance policies in Hong Kong last year, according to data from the territory's Insurance Authority.
NEWSPLUS 0615 GMT — The Nikkei Stock Average edged 0.1% higher to close at 36065.86, led by a mixed bag of companies. The U.S. Treasury’s reduction in its borrowing estimate for 1Q is positive for risk assets as this presumably means less stress on the funding markets, says Chris Weston, head of Research at Pepperstone, in an email.