Latest News for AIA Group Stock (OTC:AAIGF)

AIA is one of the largest pan-Asian insurance providers with a wide range of products including retirement savings plans, life insurance, and accident and health insurance. The company is headquartered in Hong Kong. It was previously part of AIG and went for a separate listing in Hong Kong in 2010. The firm also provides employee benefits, credit life, and pension services to corporate clients. AIA is present in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.

Asia

Penny Stocks

Markets

Tech

AAIGF

BABA

CTRYY

HLPPY

SNLAY

TCEHY

TSLA

XPEV

SNCNF

BYDYY

Hong Kong stocks ended a quiet week in the green as speculators bet that government easing measures in China would come into place to stimulate the local economy. The Hang Seng Index finished the day’s trading 1.6% higher at 17,485.98.

Hong Kong Investors Bid Up Shares On Turnaround Hopes For China&#39;s Sluggish Economy

AIA Group Ltd

Hong Kong stocks ended a quiet week in the green as speculators bet that government easing measures in China would come into place to stimulate the local economy. The Hang Seng Index finished the day&rsquo;s trading 1.6% higher at 17,485.98.
China&rsquo;s stock markets and banks were closed this week for the annual National Golden Week Holiday, which investors hope also provided a boost to consumer spending.
About HK$60 billion&nbsp;($7.7 billion) of shares were traded per day in Hong Kong this week, about half the weekly 12-month average volume.
A Goldman Sachs Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) report stipulating that the economic slowdown in China is coming to an end followed a similar report by Citigroup Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) Thursday which stated that the bottom is in for a slump in exports and weak consumer confidence on the mainland.
&ldquo;We expect growth and inflation to bottom out in the near term on stabilising exports, less drag from inventory destocking and increased policy offset,&rdquo; Goldman&rsquo;s economists wrote in the report.
Property stocks and exporters got most of the action as investors bet that a turning point for China&rsquo;s economy had been reached. Hang Lung Properties Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hlppy#OTC">HLPPY</a>) jumped 2.3%, Sino Land Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/snlay#OTC">SNLAY</a>) rose 1% and Country Garden Holdings Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ctryy#OTC">CTRYY</a>) leaped 3.5% on the day. Sunac China Holdings Limited (OTC: SNCNF) surged 10.5% after it successfully convinced a Hong Kong court Thursday to vote in favour of its $10.2 billion offshore debt restricting proposals, approved by 98% of its creditors in a fortnight-ago vote.
Consumer names Alibaba Group Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) and JD.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>) were both higher by 1.5%. Tencent Holdings Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcehy#OTC">TCEHY</a>) and insurer AIA Group Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/aaigf#OTC">AAIGF</a>) were both around 2% stronger on the day as both companies continued their aggressive multi-month stock repurchasing programs on the Hong Kong Stock Exchange.
CNOOC fell a bit after Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-10-06/china-oil-giant-cnooc-to-repay-dollar-bond-week-after-due-date?srnd=premium-asia" style="color:#0563c1">reported</a> today that it told investors there would be a delay of seven days in an offshore bond repayment to account for the Chinese national holiday. The $1.3 billion investment grade 10-year bonds issued in 2013 were trading at 99.99 cents on the dollar, indicating that investors were unconcerned about any credit risk from the issuer, but the incident sparked discussions about what constituted a debt default in light of recent property share credit defaults. In the bonds&rsquo; terms of repayment, it stipulates they will be repaid within two working days of the maturity date of the notes according to a New York and Australian working week.
Caixin, China&rsquo;s largest business daily <a href="https://www.caixinglobal.com/2023-10-06/in-depth-nio-looks-to-ride-uptick-in-ev-sales-out-of-slump-in-crowded-market-102114221.html" style="color:#0563c1">reported</a> that automaker NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) is starting to put pressure on rival EV makers Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>), XPeng Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NASDAQ">XPEV</a>) and BYD Company Limited (OTC: BYDYY) in China after raising sales commissions for its agents.
Minimum sales commissions paid to NIO sales reps have been more than doubled recently, Caixin said, from 800 RMB ($110) to 2,000 RMB per car sold and by over fourfold from 800 RMB to 4,000 RMB per car for inventory stock and showroom display vehicles. The big increase in sales commissions was what helped the company achieve over 6 billion RMB in sales and raise sales over the 20,000-mark in July this year.

Hong Kong Investors Bid Up Shares On Turnaround Hopes For China's Sluggish Economy

News

Intraday Update

Movers

Trading Ideas

AACAF

AACAY

AAGIY

AAMMF

AAUKF

AAVMY

AAVVF

ABBRF

ABCP

ABILF

ABMC

ABNAF

ABSSF

ACDVF

ACGBY

ARCH BIOPARTNERS INC ORD by Arch Biopartners Inc.

ACHFF

ACKRF

ACNDF

ACNNF

ACOPF

ACRL

ACSAY

ACUIF

ADAD

ADDDF

ADDYY

ADMT

ADYEY

AEGOF

AERG

AETUF

AEXAY

AFLYY

AGCBF

AGESY

AGFAF

AGGFF

AHCHY

AHEXY

ALTERNATE HEALTH CORP ORD by Alternate Health Corp.

AHGIF

AHKSF

AHKSY

AHWSF

AIBGY

AIBRF

AIQUY

AIRRF

AISSF

AJMPF

AJXGF

AKAOQ

AKBTY

AKZOY

ALBY

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

ALFVY

ALIAF

ALIF

Allianz Ag Muenchen Namen-Akt Vinkuliert Shares

ALIZF

ALLVF

ALMTF

ALPMY

ALSMY

ALVOF

ALYI

AMADY

AMAZ

AMBBY

AMIGY

AMKAF

AMKBF

AMKBY

AMLZF

AMMX

AMRQQ

AMXEF

ANEWF

ANGPY

ANPDF

ANPDY

ANSLY

ANTH

ANACONDA MINING INC by Anaconda Mining Inc.

ANXGF

Australia and New Zealand Banking Group Limited

ANZBY

ANZLY

AOIFF

AOMFF

ASCOT RESOURCES LTD by Ascot Resources Ltd.

AOTVF

APELY

APHD

APMCF

AQARF

ARAFF

ARESF

ARGKF

ARKAY

ARNGF

ARREF

ARRRF

Stocks That Hit 52-Week Highs On Tuesday

Aristotle Capital International Equity Q1 2024 Commentary

ClearBridge International Value Strategy Q1 2024 Portfolio Manager Commentary

ClearBridge International Growth ACWI Ex-US Strategy Q1 2024 Commentary

Analysts have been eager to weigh in on the Financial sector with new ratings on Visa (V – Research Report) and AIA Group (AAIGF – Research Report)...

Analysts Offer Insights on Financial Companies: Visa (V) and AIA Group (OtherAAIGF)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on US Bancorp (USB – Research Report), Blackstone Grou...

Analysts Offer Insights on Financial Companies: US Bancorp (USB), Blackstone Group (BX) and AIA Group (OtherAAIGF)

Madison International Stock Fund Q1 2024 Investment Strategy Letter

Artisan Sustainable Emerging Markets Fund Q1 2024 Commentary

Baron Emerging Markets Fund Q1 2024 Shareholder Letter

In a report released today, Ken Shih from DBS maintained a Buy rating on AIA Group (AAIGF – Research Report), with a price target of HK$100.00. The...

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Latest News for AIA Group Stock (OTC:AAIGF)

Friday, October 06, 2023

Tuesday, March 24, 2020