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AIA Group Limited (AAGIY)

Other OTC - Other OTC Delayed Price. Currency in USD
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51.27+0.93 (+1.85%)
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Previous Close50.34
Bid0.00 x 0
Ask0.00 x 0
Day's Range50.59 - 51.40
52 Week Range31.79 - 56.53
Avg. Volume259,734
Market Cap153.973B
Beta (5Y Monthly)0.94
PE Ratio (TTM)26.81
EPS (TTM)1.91
Earnings DateN/A
Forward Dividend & Yield0.70 (1.39%)
Ex-Dividend DateMay 24, 2021
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Bank of East Asia to ride on AIA dominance in China after divesting insurance assets in partial victory for Paul Singer's hedge fund
    South China Morning Post

    Bank of East Asia to ride on AIA dominance in China after divesting insurance assets in partial victory for Paul Singer's hedge fund

    The latest sale also comes with a 15-year deal giving AIA Group the exclusive right to sell life insurance products to BEA'S personal banking customers in mainland China, Hong Kong and Macau for a fee. The banking group had US$114.1 billion of assets at the end of 2020, while AIA Group had US$326.1 billion. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. "This will allow us to earn a good commission income every year," BEA'S co-chief executive Adrian Li Man-kiu said by phone on Thursday. "It will also be a good strategic partnership" for both parties to capture the big cross-border business opportunities, he added. Adrian Li Man-kiu (right) and Brian Li Man-bun (left) became co-chief executives of the Bank of East Asia from July 2019. Photo: Handout alt=Adrian Li Man-kiu (right) and Brian Li Man-bun (left) became co-chief executives of the Bank of East Asia from July 2019. Photo: Handout> The BEA-AIA partnership will challenge home rivals with a longer history of tie-up who are positioning themselves in the much heralded Greater Bay Area development. The anticipated cross-border Wealth Management Connect and Insurance Connect could be "the next big thing," Li added. HSBC, the biggest bank in Europe and Hong Kong, struck a similar long-term deal with AXA in 2012 after hiving off its general insurance business to the French group in 2012. Standard Chartered agreed in 2017 to sell Allianz's general insurance products to its retail banking clients in China and the region. The purchase of BEA Life will further entrench AIA's commanding position. Hong Kong and mainland China each contributed 35 per cent and 21 per cent to its operating profit after tax of US$5.94 billion in 2020, its two single-largest markets. "The many partnerships is a clear indication that banks are struggling to make good profit, particularly during economic downturns following the global financial crisis in 2008 and also in recent years during the pandemic," said Kenny Ng Lai-yin, a strategist at Everbright Sun Hung Kai. BEA, with a large network of 140 branches in Hong Kong and mainland cities, could help AIA to expand sales, especially in the Greater Bay Area, Ng said. Collapse of a market alt=Collapse of a market> For Paul Singer's Elliott Management, the sale of BEA Life represents a partial victory. His fund, which held an 8.54 per cent stake at the end of 2020, fought BEA and some of its directors from 2014 to force the lender to sell its business or slim down. His reward may be some payout from part of the HK$5.07 billion proceeds. Elliott Management, under its CEO and founder Paul Singer, battles with BEA and its directors after emerging as a shareholder in 2014. Photo: Reuters alt=Elliott Management, under its CEO and founder Paul Singer, battles with BEA and its directors after emerging as a shareholder in 2014. Photo: Reuters> The stock was little changed this year at HK$16.54 while the Hang Seng Index climbed 4.1 per cent. Still, the bank has slumped 42 per cent over the past five years while the benchmark index rose 38.2 per cent, partly battered by huge loan losses in its mainland China operations. BEA will consider how to reward shareholders, with options including paying a special dividend or share buy-back, co-CEO Li said in the phone interview. It will also use the proceeds to hire more people to strengthen its wealth management and digital banking units. "We will continue to look for other partnerships to expand our business in future or to make acquisitions when good opportunities arise," he said. For now, however, it has no further plans to sell its existing assets, Li added. This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2021. South China Morning Post Publishers Ltd. All rights reserved.

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  • WeDoctor Close to Raising $350 Million Ahead of IPO

    WeDoctor Close to Raising $350 Million Ahead of IPO

    (Bloomberg) -- WeDoctor is close to raising $350 million ahead of a planned initial public offering that’s been complicated by the departure of Chief Financial Officer John Cai, who joined this year to spearhead the deal, according to people familiar with the matter.The company is still pushing ahead with an IPO in Hong Kong and plans to file its prospectus around the February Lunar New Year, said the people, who asked not to be identified discussing an internal matter. Cai has left the Tencent Holdings Ltd.-backed firm while being offered an advisory role, the people said.It has been a year of structural shifts and unexpected bumps for the Hangzhou-based company, which will now need to find a quick replacement as it continues to work on its listing. Part of a growing contingent of tech giants trying to transform China’s health-care system, the firm is navigating an increasingly strict regulatory environment after recent government crackdowns on internet companies.In preparations for the listing, WeDoctor is splitting the business into two parts, with plans to list its health-care services operations, which include both online and on-the-ground consulting, they said. That part is valued at more than $6 billion pre-money in its latest funding round, the people said, adding that the target is preliminary and could be subject to change.Its more sensitive data business that handles personal medical records will be spun off and kept private to comply with regulatory demands, the people said.Citigroup Inc. along with JPMorgan Chase & Co. and CMB International Securities Ltd. had earlier been picked to lead the share sale, which was expected to happen before the end of this year. WeDoctor was seeking to raise $500 million to $1 billion in the listing, a person familiar has said.WeDoctor and Cai declined to comment.Cai was hired in the first quarter to spearhead its IPO, bringing with him experience running AIA Group Ltd.’s operations in key markets including China, Malaysia and Vietnam. At the time, the company was aiming for a $10 billion valuation.WeDoctor’s business spans from insurance policies and medical supplies to online appointment-booking and clinics. The country’s largest health-care payer, which covers more than 95% of the population, is working with the company to provide insurance-covered health care.The company operates 16 health-care facilities and 30 online internet hospitals, connecting 7,600 hospitals and 250,000 physicians as of October. In a 2018 funding round, it was valued at about $5.5 billion.(Updates with co. business operation figures)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.