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<Research>CMBI Expects AIA (01299.HK) 2024 VONB to Hike 20% on CER Basis
Recommend 12 Positive 27 Negative 17 |
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AIA (01299.HK)'s share price sank 17.3% in 2024, underperforming major market indices and its peers, despite sound VONB growth and a solid financial position, according to a research report published by CMBI. CMBI expected AIA's 2024 VONB to rise by 20% on a constant exchange rate (CER) basis, and the Group's OPAT/ embedded value to record YoY increases of 7%/ 6% last year. Total shareholder returns may rise to 8%, with investors anticipating a new share buyback plan to be announced when the results are released in mid-March 2025. CMBI believed that adequate shareholder returns may drive capital inflows. Therefore, the broker kept rating at Buy, with a target price of $94. AAStocks Financial News |
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