DBS Remains a Buy on AIA Group (AAIGF)
DBS analyst Ken Shih maintained a Buy rating on AIA Group today and set a price target of HK$100.00. The company’s shares closed yesterday at $9.20.
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According to TipRanks, Shih is a 5-star analyst with an average return of 26.7% and an 84.00% success rate. Shih covers the Financial sector, focusing on stocks such as Charles Schwab, AIA Group, and BlackRock.
AIA Group has an analyst consensus of Strong Buy, with a price target consensus of $12.79, implying a 39.02% upside from current levels. In a report released on August 7, UOB Kay Hian also maintained a Buy rating on the stock with a HK$91.00 price target.
Based on AIA Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $12.17 billion and a net profit of $3.52 billion. In comparison, last year the company earned a revenue of $10.7 billion and had a net profit of $1.51 billion
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