DS-AIA @EC2611A

JPMorgan Report: Stronger Free Cash Flow at AIA and Prudential to Boost Share Prices

UBS Report: AIA Stock Drop Due to Profit Taking

Tianjin Lanqin Equity Investment Partnership Firm Established with a Capital of 8.601 Billion RMB

The Capital Group Increases Holdings in AIA Group

HTI expects AIA's Q4 2022 New Business Value to grow by 14% at Actual Exchange Rate

UBS Raises AIA Group's 2025 Profit Forecast and Target Price

Goldman Sachs Raises AIA's NBV and Earnings Forecast for 2025-2027

Citi Predicts AIA Group to Have Robust 2025 Performance

JPMorgan Raises AIA Target Price to HKD115

AIA and Achmea Asset Management Companies Hold Joint Opening Ceremony in Shanghai

Morgan Stanley Raises AIA's Target Price and Maintains 'Overweight' Rating

AIA Hong Kong Maintains Top Position in New Policy Issuances for 11 Consecutive Years

AIA Beijing Subsidiary Launches New Recruitment Plan for Agents

AIA Enters New Headquarters Building

BlackRock Has Increased Its Stake In AIA To 7.08%

UBS Publishes Report on AIA and Maintains Buy Rating

Regulatory Authority Allows Insurers to Reintroduce Dividend-Type Long-Term Health Insurance

Goldman Sachs Issues Positive Report on AIA Group, Maintains Buy Rating

DBS Raises AIA Target Price to HKD 106.00

CLSA Downgrades AIA Profit Forecast but Maintains Target Price

PROSP INV HOLD

ELEGANCEOPTICAL

RIDGE OUTDOOR

K W NELSON GP

TIMES UNI GP

HAO BAI INTL

HING LEE (HK)

TIANYE WATER

SHANGHAI QINGPU

BJ DIGITAL

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JP Morgan released a report stating that AIA and PRU have strong prospects for improving free cash flow, reiterating an "overweight" rating for both. The report pointed out that strong free cash flow and capital returns will drive stock price revaluation, and the growth potential of the Hong Kong market presents upside risks. Although sales are expected to normalize this year, there are still upside risks, particularly regarding the product environment for mainland visitors to Hong Kong. If sales remain strong, both companies are expected to achieve significant net surplus growth by 2028

AASTOCKS

"Major Banks" JP Morgan: AIA and Prudential's free cash flow improvement outlook is strong, reiterating "Overweight" rating

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Hong Kong shares rose 339 points (1.3%) to 27,370, nearing a two-week high, driven by positive sentiment from Wall Street's record high. Gains were limited by caution ahead of upcoming Chinese CPI and PPI data. Tech and consumer sectors led the advance, with notable increases from Minth Group (2.4%), Pop Mart Intl. (5.8%), SMIC (4.1%), JD Health Intl. (3.9%), and AIA Group (3.4%). U.S. Treasury Secretary mentioned efforts to enhance communication with China.

- Hong Kong equities rose by 339 points, or 1.3%, to 27,370, nearing a two-week high, influenced by positive trends from Wall Street.  
- U.S. Treasury Secretary Scott Bessent's statement highlighted efforts to improve communication between the U.S. and China, while caution prevailed due to upcoming Chinese CPI and PPI data release.  
- The tech and consumer sectors saw significant gains, with notable movements in Minth Group, Pop Mart Intl., SMIC, JD Health Intl., and AIA Group.

Trading Economics

TRACKER FUND

HSCEI ETF

China Southern Hang Seng ETF

HS HSI ETF-R-D

Hang Seng Index

MINTH GROUP

XI2CSOPHSTECH

CSOP HSI ETF

POP MART

Hong Kong Shares Extend Rally to Near 2-Week Peak

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In early spring 2026, the annual report season for bank-affiliated insurance companies is heavier than in previous years. As the leader among bank-affiliated insurance companies, China Post Life Insurance has reported 202…

- In early spring 2026, China Post Life's annual report reveals significant challenges, showing an 18% increase in insurance income to 159.17 billion yuan but a 9.2% drop in net profit to 8.34 billion yuan.  
- The company's actual capital decreased by 25.6% to 62.64 billion yuan by year-end 2025, highlighting difficulties in maintaining financial stability amid regulatory pressures and market fluctuations.  
- As market conditions worsen, China Post Life is shifting its strategy towards risk-sharing products to stabilize capital consumption and adapt to evolving industry landscapes.

Wallstreetcn

Hwabao WP CSI Banks ETF

China Merchants CSI BANK AH Price ETF

Huaan CSI Banks ETF

WP CSI Banks ETF

China Southern CSI Banks ETF

Fullgoal CSI 800 Banks ETF

ChinaAMC CSI Banks ETF

PSBC

China Post Life Insurance 2025: A life-and-death race about "capital filling the pit"

AAGIY

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HSBH

HSBC

Hong Kong's American Depositary Receipts (ADRs) saw a rebound in U.S. trading. According to RTHK, HSBC's ADRs notably increased by 3.5% compared to the previous closing price in Hong Kong, translating to HKD 139.5. AIA's ADRs also rose nearly 3%, reaching HKD 85.8. Several financial and technology stocks' ADRs climbed between 1% and over 2%, with Industrial and Commercial Bank of China and Bank of China's ADRs rising by nearly 1%.

CoinLive

AIA Group

HSBC HOLDINGS

HSBC Holdings plc ADRhedged

Hong Kong ADRs Experience Rebound in U.S. Trading

AIA Junyu will launch the "Premium Medical Concierge" service, providing 24/7 medical support for eligible members. This service offers professional support through WeChat, connecting to top-tier hospitals in mainland China. Members and their families can prioritize appointments for outpatient and inpatient services, receive health consultations, and coordinate their medical journeys. In addition, family doctors will customize health check-up plans and provide home delivery of medications

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AIA Junyu will launch "Exclusive Medical Concierge" providing WeChat 24/7 support directly to top-tier hospitals in mainland China

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HWORLD-S(01179) rose 4.31%, with a trading turnover 127.0 Million HKD, and a year-to-date rose 8.8%. LI AUTO-W(02015) rose 3.61%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 10.6%. AIA(01299) fell 5.54%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 4.5%. MINIMAX-WP(00100) fell 5.14%, with a trading turnover 398.3 Million HKD, and a year-to-date rose 179.4%.

- The Hang Seng Index fell 1.21% but has accumulated a 3.6% increase this year.  
- The Hang Seng Tech Index decreased by 1.11%, totaling a 3.1% decline year-to-date.  
- Key stocks include Huazhu Group, which rose 4.31%, and AIA, which dropped 5.54%, with MINIMAX-WP experiencing a significant decrease of 5.14%.

Top Gainers & Losers

HWORLD-S

LI AUTO-W

GANFENGLITHIUM

CEB BANK

PETROCHINA

MINIMAX-WP

FUYAO GLASS

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

The Hang Seng Index fell 3% this week, closing at 26,560 after a 1.2% drop on Friday. This decline follows three weeks of gains, influenced by Wall Street's sell-off and concerns over AI's impact on software profits. Chinese equities also weakened ahead of January CPI data, with gold price volatility affecting consumer inflation. Major losers included Knowledge Atlas Tech (-6.1%) and AIA Group (-5.2%). Meituan's stock slipped 2.2% after its acquisition of Dingdong Fresh for USD 717 million, amid ongoing challenges in its core business and overseas expansion.

MEITUAN

Meituan

Hang Seng Slips 3% This Week

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Today, the Hong Kong stock market closed with all three major indices retreating. The Hang Seng Index fell by 1.21%, the Hang Seng Tech Index dropped by 1.11%, and the National Enterprises Index decreased by 0.68%. The overall market experienced a high-level correction, with key sectors such as internet, retail, and insurance generally weakening. Core stocks like Tencent Holdings, Alibaba -W, and AIA Group saw significant declines, reflecting rising risk aversion and weak consumer confidence. Market hotspots were concentrated in small-cap stocks like Southern Communications and Long Resources, which experienced significant fluctuations and active trading. External macro variables and liquidity expectations continue to impact the capital situation of Hong Kong stocks, leading to short-term market sentiment fluctuations

- Hong Kong's three major stock indices closed lower today, with the Hang Seng Index at 26,559.95 points, down 1.21%.  
- The market's decline is attributed to decreased investor risk appetite, impacting sectors such as internet content and retail, with major players like Tencent and Alibaba experiencing significant drops.  
- Recent macroeconomic data on retail and export performances continue to influence investor sentiment amid ongoing market volatility.

Market Heartbeat

TENCENT

BIDU-SW

KUAISHOU-W

BABA-W

JD-SW

MNSO

PING AN

CHINA LIFE

DRAGON MINING

NANFANG COMM

KING'S STONE

CMON

PUTIAN COMM

XIAOMI-W

Hong Kong Stock Market Closing | Hang Seng Index Pulls Back, Small-Cap Stocks like Southern Communications Surge, Internet and Insurance Sectors Lead Decline

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The Hang Seng Index closed at 26,559 points, down 325 points or 1.2%. The Hang Seng Tech Index reported 5,346 points, down 59 points or 1.1%. The total market turnover was HKD 247.865 billion. Among the actively traded heavyweights, Alibaba fell 2.9%, Meituan dropped 2.6%, Ping An decreased by 2.2%, and Tencent declined by 2%. AIA fell 5.5%, ZTO EXPRESS, BOC HONG KONG, New World Development, REALORD GROUP, and SANY International reached new highs

BOC HONG KONG

REALORD GROUP

ZTO EXPRESS-W

CSOP HS TECH

FI CSOP HSI

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FL2 CSOP HSI

According to the "All-Day Express," the Hang Seng Index fell by 325 points; the Hang Seng Tech Index dropped by 59 points. AIA fell by over 5%. ZTO EXPRESS-W, BOC HONG KONG, Sun Hung Kai Properties, REALORD GROUP, and SANY International hit new highs with active trading

The three major indices of the Hong Kong stock market experienced fluctuations and adjustments during the trading session, with the Hang Seng Index down 1.07% and the Hang Seng Tech Index down 0.83%. The internet content and information, as well as retail sectors, showed weak performance, with leading companies like Tencent Holdings and Alibaba facing significant pressure. The hardware sector exhibited structural differentiation, with Xiaomi Group performing strongly against the trend. Resource stocks such as gold and non-ferrous metals showed notable volatility, and the rotation of funds highlighted structural opportunities, while market confidence continued to be disturbed by macroeconomic data

- The Hong Kong stock market is experiencing fluctuations, with major indices down; the Hang Seng Index is at 26,596.92, falling 1.07%.  
- Internet and retail sectors are particularly affected by cautious investor sentiment, while certain hardware stocks, like Xiaomi, show slight gains amid market volatility.  
- Key macroeconomic indicators continue to weigh on the market, emphasizing the need for investors to closely monitor economic data for strategic decision-making.

LENOVO GROUP

LEGENDHOLDING

SMIC

Hong Kong stock market intraday | The Hang Seng Index fell by 1.07%, leading tech stocks under pressure, small-cap stocks active, Long Resources surged 45.81% intraday

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Goldman Sachs released the latest Hong Kong stock buy list based on the "Earnings Revisions Leading Indicator" (ERLI), including AIA, XIAOMI-W, HKEX, Ping An, Zijin Mining, TECHTRONIC IND, and several other stocks

HKEX

Zijin Mining

Ping An

TECHTRONIC IND

ZIJIN MINING

Goldman Sachs re-evaluates leading indicators (ERLI) and lists Hong Kong stock buy recommendations (Table)

The Hong Kong stock market fell in the morning session, with the Hang Seng Index down 304 points, reporting at 26,580 points, the National Index down 47 points, and the Hang Seng Tech Index down 25 points. Financial stocks generally weakened, with AIA down nearly 5% and HSBC Holdings down 3.3%. Local real estate stocks and the commodity market also saw declines. Meituan's acquisition of Dingdong Maicai's e-commerce company resulted in a 1.9% drop in its stock price. Technology stocks performed poorly, with Tencent, Alibaba, and JD.com all declining. Chip stocks SMIC and Hua Hong Semiconductor saw slight increases

"Hong Kong Stocks" The Hang Seng Index fell 304 points in the half-day, financial stocks weakened, AIA dropped nearly 5%

The Hang Seng Index opened 530 points lower this morning, closing at 26,580 points, down 304 points or 1.13%. AIA fell 4.8%, HSBC fell 3.3%, while Li Auto rose 5.3% against the trend. U.S. stocks fell sharply due to weak employment data, with the Dow Jones down 592 points, the S&P 500 down 84 points, and the Nasdaq down 363 points. Bitcoin dropped to $61,000, a decline of 15%

- The Hang Seng Index opened 530 points lower and closed at 26,580 points, down 304 points or 1.13%, as tech stocks fell and traditional financial stocks were sold off.  
- In the US, weak job figures led to a significant decline in tech stocks, with the Dow Jones dropping 592 points and Bitcoin hitting lows of around 61,000 USD, impacting cryptocurrency-related shares.  
- NIO announced positive earnings projections, resulting in a rise in its stock price, contrasting with general declines in the market.

Li Auto

The Hang Seng Index fell 304 points in the half-day session, AIA dropped 4.8%, HSBC fell 3%, and Li Auto rose 5% against the market trend｜Hong Kong stock market opening

Hong Kong stocks continued their upward trend on July 28, with the cryptocurrency, innovative drug, gaming, and insurance sectors performing well. Hong Kong's &#34;Stablecoin Ordinance&#34; will officially take effect on August 1, marking the countdown to stablecoin issuance; the innovative drug sector was boosted by Hengrui Pharmaceuticals securing a $12 billion order; insurance stocks extended their gains as industry anti-internal competition and interest rate cuts improved profit prospects; gaming stocks benefited from Macau's July gaming revenue exceeding expectations and Thailand's withdrawal of the casino bill.

HENGRUI PHARMA

Hengrui Pharma

INNOVENT BIO

3SBIO

CSPC PHARMA

OSL GROUP

CPIC

SUNSHINE INS

SANDS CHINA LTD

Sands China

WYNN MACAU

CR HOLDINGS

China Life

SINO BIOPHARM

MELCO INT'L DEV

GUOTAI JUNAN I

AIA-R

SJM HOLDINGS

Hot Trades in Hong Kong Stocks (7.28)｜Cryptocurrency, Innovative Drugs, Insurance, and Gaming Sectors Shine, Hengrui Pharmaceuticals Soars 15% at Midday

On July 11, the three major stock indices in Hong Kong rose together. In terms of sectors, technology stocks rose collectively, and securities and brokerage stocks mostly increased.

ZA ONLINE

LAOPU GOLD

MIXUE GROUP

GUMING

WUXI APPTEC

WuXi AppTec

LIANLIAN

The Hang Seng Index is approaching its highest level in nearly 3 years, with Chinese brokerage, insurance, and stablecoin concept stocks remaining hot!

DS-AIA @EC2611A(18387.HK)