The Zhitong Finance App learned that UBS released a research report stating that it will maintain AIA's (01299.HK) “buy” rating and a target price of HK$100. The company disclosed on Enterprise Day that the value of new business in Hong Kong's local business grew strongly year-on-year in the third quarter, mainly driven by cross-selling and upselling, the influx of new Hong Kong people, and strong wealth planning needs from wealthy customers. In terms of mainland visitor business, the value of new business resumed year-on-year growth from August to September, but the growth rate was slower than the local business in Hong Kong.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that UBS released a research report stating that it will maintain AIA's (01299.HK) “buy” rating and a target price of HK$100. The company disclosed on Enterprise Day that the value of new business in Hong Kong's local business grew strongly year-on-year in the third quarter, mainly driven by cross-selling and upselling, the influx of new Hong Kong people, and strong wealth planning needs from wealthy customers. In terms of mainland visitor business, the value of new business resumed year-on-year growth from August to September, but the growth rate was slower than the local business in Hong Kong.
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