|Bid||65.800 x 0|
|Ask||65.850 x 0|
|Day's range||65.550 - 66.200|
|52-week range||42.650 - 67.450|
|PE ratio (TTM)||24.26|
|Earnings date||24 Feb 2017 - 1 Mar 2017|
|Forward dividend & yield||0.89 (1.48%)|
|1y target est||69.91|
China and Hong Kong together account for about half of new business growth globally at AIA, originally founded in Shanghai nearly 100 years ago and the first foreign insurer to be granted a license in China. AIA said the value of new business, which measures expected profits from new premiums and is a key gauge for future growth, rose to $824 million in the quarter, just ahead of an average estimate of $813 million from three analysts polled by Thomson Reuters I/B/E/S.
LONDON, Oct (Shenzhen: 000069.SZ - news) 12 (Reuters) - HSBC has chosen John Flint as its next chief executive, with its newly arrived chairman promoting an insider to drive revenue growth at Europe's biggest bank. Flint, who runs HSBC's retail and wealth management business out of London, will take over as CEO in February next year when Stuart Gulliver, 58, retires after seven years in the job.
Pan-Asian insurer AIA Group (1299.HK) is scheduled to release its third quarter new business highlights on 20 October. Daiwa analyst Leon Qi expects the value of new business (VNB) - an industry gauge of future profitability - to rise 21% year-on-year in the third quarter, with mainland China continuing to be the main growth driver. Qi expects 50% year-on-year VNB growth for AIA China bolstered by effective execution of its premier agency strategy, geographical expansion into tier-2/tier-3 cities, product upgrades and cost savings.
HONG KONG/LONDON, July 31 (Reuters) - A third share buyback in a year by HSBC underlined progress in the turnaround plan for Europe's biggest bank, with profit also growing by 5 percent in the first half of 2017. The news sent HSBC shares up three percent to a four-year high of 764 pence each in London, as the bank signalled further buybacks and confidence it can continue to improve revenues from growth in Asia. The latest share buyback, of up to $2 billion, comes as HSBC uses excess capital to offset the dilutive effect of shares paid out as dividends.
AIA Group Ltd, the world's third-largest life insurer by market value, posted a 42 percent surge in new business for the first half of the year, helped by robust sales growth in its main markets, Hong Kong and China. AIA (HKSE: 1299-OL.HK - news) 's value of new business, which measures expected profits from new premiums and is a key gauge for future growth, surged to $1.75 billion in the half-yearly period that ends in May, up from $1.26 billion a year ago, the company said. China and Hong Kong together account for about half of new business growth globally at AIA, founded in Shanghai nearly 100 years ago and the first foreign insurer to be granted a license in China.
HONG KONG/LONDON, May 4 (Reuters) - HSBC Holdings Plc (Frankfurt: 923893 - news) reported a better than expected first-quarter profit and capital position on Thursday, benefiting from an improved performance from its core operations and the return of cash from its U.S. unit. HSBC's shares rose 3 percent in London on Thursday, outperforming a 1 percent rise in the STOXX European banks index and following an earlier 2 percent rise in Hong Kong. HSBC is still Europe's biggest bank despite slimming down in recent years.
HSBC said Paul Walsh, the former chief executive of drinks maker Diageo, is to step down from its board with immediate effect in order to focus on his other commitments. Walsh only joined the bank's board ...
Siam Commercial Bank (SCB) has entered into exclusive talks with Hong Kong insurer FWD Group to sell its life insurance arm, which could raise $3 billion for Thailand's third-biggest lender, people with direct knowledge of the matter said. A successful deal would rank as the largest insurance M&A transaction in Southeast Asia, and the biggest in Asia since the merger of two insurance companies in India valued at $3.2 billion in August 2016, according to Thomson Reuters (Dusseldorf: TOC.DU - news) data.
HONG KONG/LONDON March 13 (Reuters) - HSBC's new Chairman Mark Tucker is known in Asia as one of the region's most successful finance executives for taking insurer AIA (HKSE: 1299-OL.HK - news) through a stock market listing and then more than doubling its market value through a relentless focus on new business. Tucker proved his mettle to investors who during the 2010 IPO questioned AIA's ability to expand in a region where not many insurers have been able to build a pan-regional footprint, constraining their ability to pay dividends. This focus on growth, and a deep knowledge of and love for Asia, will be vital for Tucker, who HSBC named as successor to Douglas Flint as chairman on Monday.
HONG KONG/LONDON, March 13 (Reuters) - HSBC broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group boss the task of selecting a new chief executive for Europe's biggest bank in 2018. A one-time professional footballer and insurance industry veteran who once led Britain's Prudential (SES: K6S.SI - news) , Tucker will take over as the bank's first-ever external chairman on Oct (Shenzhen: 000069.SZ - news) .
Hong Kong insurer AIA Group Ltd said its CEO and President Mark Tucker will leave the company to take up the role of non-executive Group Chairman of HSBC Holdings Plc Ng Keng Hooi AIA Regional CEO will ...
HSBC Holdings Plc (Frankfurt: 923893 - news) is lining up Mark Tucker, currently chief executive of insurer AIA (HKSE: 1299-OL.HK - news) Group Ltd , to be the next chairman of Europe's biggest bank, sources with direct knowledge of the matter said on Sunday. Regulators in Hong Kong and London have signalled they will approve the appointment, one of the sources said, paving the way for Tucker to take up the role in the autumn. Tucker, the former head of insurer Prudential (SES: K6S.SI - news) , and once a trainee professional soccer player in Britain, would become HSBC's first ever externally-appointed chairman at a bank renowned in the industry for recruiting from within.
HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe's biggest bank, Britain's Sky News reported on Saturday. Last month HSBC ...