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Current Price Data+
Current Price
Open
High
Low
Last Close
Volume
Price Movement
$ 6.310
$ 6.230
$ 6.330
$ 6.230
$ 6.220
9,389,737
$ 0.090 1.447 %
Current Broker Consensus Recommendation
Recommendation :
Hold
Recommendation Date :
18th Feb 2010
12 Month Target Price (average) :
$6.636
Brokers Surveyed :
10
Market Statistics
% of Market:
0.5300
% of Sector:
2.4277
Sector:
Financials
Industry Group:
Insurance
Industry:
Insurance
Company Overview
Company Overview
AXA Asia Pacific Holdings Limited (AXA) is a leading Australian provider of life insurance, specialist risk insurance, superannuation and funds management in Australia, NZ and Asia. AXA concentrates on selling products to the retail market and also provides financial planning and advice through its own adviser networks.
Company History
AXA was formed through the demutualisation of National Mutual Life combined with a capital injection by French group AXA SA, which acquired a 51% stake in the National Mutual Holdings Group in 1995. The company restructured in 1998 to combine its Australian and NZ operations under one management team. National Mutual Asia was renamed AXA China Region and acquired mainland China life insurance interests from AXA in 1999. In March 2000, the company changed its name to AXA Asia Pacific Holdings.
Differentiating Factor
AXA has strong and growing representation in China/Hong Kong and South East Asia. The acquisition of MLC Hong Kong and Indonesia has increased scale and boosted earnings growth. The company has real potential to benefit from the long-term growth in the retirement savings and superannuation market in Australia. AXA Asia Pacific enjoys the support and backing of its major shareholder, French-based AXA SA.
Major Customers & Competitors
AXA operates through financial planners and agents in addition to its direct contact with policyholders and investors. Business is conducted directly with companies who also choose to invest in AXA products. Major competitors include other investment and funds management companies such as AMP, NAB/MLC, CBA/Colonial, Westpac/BT, ANZ/ING and TAL.
Financial Summary
Year to Dec
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2007A
638
604
34.8
-10.6
18.1
0.9
0.9
22.3
3.5
38
15.7
2008A
(279)
597
35.0
0.7
18.0
1.0
0.9
18.5
2.9
40
17.4
2009A
679
587
30.1
-14.1
21.0
1.1
1.2
18.5
2.9
28
14.6
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
Sydney Morning Herald 13/03/2010 | THE Australian Competition and Consumer Commission has delayed until late next month the release of the findings of its inquiry into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific. The ACCC is seeking further information.
The Age 13/03/2010 | THE Australian Competition and Consumer Commission has delayed releasing the findings of its probe into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific until late next month as it seeks further information on the planned deal.
The Age 13/03/2010 | FORMER Australian Idol finalist Lisa Mitchell made the ultimate credibility leap yesterday when she became the youngest musician to win the Australian Music Prize with her dazzling debut album Wonder.
The Age 13/03/2010 | AUSTRALIA'S economic recovery has been so strong that analysts believe Treasurer Wayne Swan may be on track to bring down a budget surplus next year instead of the official forecast of 2015.
Sydney Morning Herald 13/03/2010 | We Australians appear to be turning into a nation of contrarians when it comes to economics and business. Our economy is booming while the rest of the world is in the doldrums. Our interest rates are rising where others are hovering just above zero and our currency is strengthening as other developed nations race to the bottom.
$ 6.310
