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<Research> BOCOM International Raises TP of AIA (01299.HK) to HKD101, Rating 'Buy'
Recommend 4 Positive 5 Negative 2 |
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BOCOM International released a research report stating that AIA (01299.HK) achieved an after-tax operating profit of USD7.14 billion last year, representing a YoY growth of approximately 7%. The net profit attributable to shareholders exceeded previous market expectations. The company's 2025 performance is subject to fluctuations due to short-term factors such as significant USD depreciation. However, driven by growth in new markets and new businesses like Mainland China, it still demonstrates strong growth resilience. The firm forecasts the group's operating profit to increase to USD7.895 billion by 2026. The firm noted that the company has a solid customer base and strong cash generation capability, projecting premium business income to rise by 10%, 9%, and 7% YoY over the next three years, respectively. New business is expected to continue its steady growth, with the new business value profit margin increasing by 10%, 8%, and 7% YoY, respectively. Investment business profits are expected to remain stable at current levels. The management announced the initiation of a new share repurchase plan, which is expected to further enhance investment appeal in the current market environment. The firm raised the TP of AIA to HKD101, maintaining its rating as 'Buy'. (ca/u) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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