External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>With double-digit new business growth achieved across HK/China, ASEAN and India markets, AIA recorded 28%/23% YoY growth of value of new business (VNB) in 1Q23 on a constant/actual FX rate (CER/AER) basis respectively.</li><li>The life insurer saw its agent productivity further rose at a double-digit in 1Q23, with total number of new recruits picking up at the meanwhile.</li><li>Looking forward, given the catalysts on: 1) strong momentum in recovery of life insurance demands in mainland market, 2) AIA’s continued geographical expansions approved by Chinese regulatory into new cities, i.e. Zhengzhou, Henan province in China, and 3) the comeback of mainland visitors boosting the MCV business in HK since reopening in 2M23, we expect the strong new business momentum to sustain throughout FY23.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

With double-digit new business growth achieved across HK/China, ASEAN and India markets, AIA recorded 28%/23% YoY growth of value of new business (VNB) in 1Q23 on a constant/actual FX rate (CER/AER) basis respectively.The life insurer saw its agent productivity further rose at a double-digit in 1Q23, with total number of new recruits picking up at the meanwhile.Looking forward, given the catalysts on: 1) strong momentum in recovery of life insurance demands in mainland market, 2) AIA’s continued geographical expansions approved by Chinese regulatory into new cities, i.e. Zhengzhou, Henan province in China, and 3) the comeback of mainland visitors boosting the MCV business in HK since reopening in 2M23, we expect the strong new business momentum to sustain throughout FY23.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AIA Group Ltd. (1299 HK) – Strong 1Q23 momentum