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    1299   HK0000069689

AIA GROUP LIMITED

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China stocks slip as new energy, agriculture firms weigh

11/24/2021 | 12:02am EST

SHANGHAI, Nov 24 (Reuters) - China stocks slipped on Wednesday as new energy and agriculture companies weighed, while improving sentiment in the real estate sector underpinned developers' shares.

The CSI300 index was unchanged at 4,911.81 points at the end of the morning session, while the Shanghai Composite Index lost 0.1%, to 3,585.65 points.

The Hang Seng index dropped 0.1%, to 24,635.86 points. The Hong Kong China Enterprises Index lost 0.6%, to 8,773.18.

** New energy stocks lost 1.9%. The index has risen 60% year to date amid China's carbon-neutral goal, and analysts had flagged risks of adjustments in overvalued shares.

** Agriculture shares dropped 2.2%, with pig farming companies leading the drop.

** Food & beverage gained 1.9%, while liquor makers surged 2.8%.

** Real-estate developers extended gains from the previous session on improving sentiment after some banks were told by financial regulators to issue more loans to property firms for project development.

** Hong Kong' benchmark index remained nearly unchanged, as losses in tech firms offset by gains in insurer AIA.

** Xiaomi Corp slumped nearly 7% after it reported a smaller-than-expected 8.2% rise in third-quarter revenue as smartphone sales growth stalled amid intensifying competition from rivals.

** Alibaba Group extended losses on lingering worries over its disappointing revenue and outlook, down 1.4% to HK$131.1, a record low in the Hong Kong market.

** Insurance firm AIA Group rose 3.8%, the biggest percentage gainer on the Hang Seng Index.

(Reporting by Shanghai Newsroom; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED 2.18% 84.5 End-of-day quote.7.51%
XIAOMI CORPORATION -0.21% 18.64 End-of-day quote.-1.38%
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Analyst Recommendations on AIA GROUP LIMITED
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Financials (USD)
Sales 2021 35 512 M - -
Net income 2021 6 565 M - -
Net Debt 2021 - - -
P/E ratio 2021 19,9x
Yield 2021 1,78%
Capitalization 131 B 131 B -
Capi. / Sales 2021 3,69x
Capi. / Sales 2022 3,39x
Nbr of Employees 23 000
Free-Float 100,0%
Chart AIA GROUP LIMITED
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AIA Group Limited Technical Analysis Chart | 1299 | HK0000069689 | MarketScreener
Technical analysis trends AIA GROUP LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 30
Last Close Price 10,85 $
Average target price 14,14 $
Spread / Average Target 30,3%
EPS Revisions
Managers and Directors
Yuan Xiang Li President, Group CEO & Executive Director
Garth Jones Group Chief Financial Officer
Sze-Wing Tse Independent Non-Executive Chairman
Biswa Misra Group Chief Technology & Operations Officer
Mark Konyn Group Chief Investment Officer