AIA Group Limited (1299.HK) enters August 2025 with improving top-line momentum and a steadier share price after a volatile year. The insurer reports revenue of 25.49B (ttm) with a profit margin of 23.76% and return on equity of 15.10%. Despite robust quarterly revenue growth of 29.40% year over year, quarterly earnings growth is negative, underscoring mix and timing effects common in life insurance. Shares are up 32.09% over 12 months, trading between 48.6–77.5 and recently near the low-70s, supported by a 50-day moving average above the 200-day. Valuation signals an earnings rebuild ahead (forward P/E 14.03 vs trailing 28.51). Liquidity and capital remain sound, with a 3.48 current ratio and a forward dividend yield of 2.47% ahead of the 9/5/2025 ex-date. Our three-year view weighs China exposure, cash generation, and execution on growth.

DBS Bank (D05.SI) enters August 2025 with strong profitability and a share price near its 52‑week high. Over the past year, the stock rose 41.89% to 50.81 as of August 22, outpacing the S&P 500’s 15.13%. The bank reports trailing‑twelve‑month revenue of 22.1B and net income of 11.19B, supported by a 51.0% profit margin, 59.46% operating margin, and 16.81% return on equity. Income investors note a forward dividend yield of 5.20% (payout ratio 61.72%), with an ex‑dividend date on August 14, 2025. Meanwhile, DBS is expanding into tokenized structured notes on Ethereum, signaling product innovation that could diversify fee income. With a low 0.51 beta and ample liquidity, the three‑year outlook will hinge on rate‑cycle dynamics, digital execution, and capital discipline.

HDFC Bank Ltd (HDFCBANK.NS) enters the next three years with post‑merger scale, resilient profitability, and a relatively low beta. Over the last year the stock has traded between 1,613–2,037.70 and closed around 1,964.60 on 22 August 2025, modestly below its 50‑day average of 1,987.82 but above the 200‑day at 1,845.24. On fundamentals, the bank reports revenue of 2.74T (ttm), net income of 705.75B, a profit margin of 25.79% and operating margin of 29.77%, with ROE at 13.92% and ROA at 1.73%. Dividend visibility has improved, with a forward annual dividend rate of 22 (1.10% yield) and a payout ratio of 25.15%; the ex‑dividend date was 25 July 2025. A 2:1 stock split is dated 26 August 2025.

Industrial and Commercial Bank of China (ICBC, 1398.HK) enters August 2025 with a strong income profile and a volatile, policy‑sensitive share price. Over the last six months the stock climbed from the mid‑HK$4s to a June peak above HK$6 before settling near HK$5.94 as of August 21. Fundamentals remain solid on headline profitability – revenue (ttm) of 657.86B and net income (ttm) of 347.4B translate to robust margins – while quarterly revenue and earnings contracted modestly year over year. A forward dividend yield of 11.30% with a 47.18% payout ratio is a key support for investor demand. The central questions for the next three years: how net interest income holds up against policy rate moves, whether asset quality remains contained amid a slow property recovery, and if dividend discipline can persist through credit cycles.