[ET Net News Agency, 3 November 2021] Nomura lowered its target price for AIA (01299)
to HK$92.78 from HK$93.37 and maintained its "neutral" rating.
The research house said it cuts FY21F VoNB by 3.6%, as it expects 3Q21F VoNB growth to
slow to single-digits at around 9% from 24% y-y in 1H21, dragged by the impact of the
Delta variant on key business regions including mainland China and ASEAN, while HK and
India may see double-digit VoNB growth rebound due to an improving coronavirus situation
and a low base effect in 3Q21. (RC)