＜Research＞Huatai Securities Cuts AIA (01299.HK) Earnings Estimates for Investment Fluctuations Despite Growth Resilience from High Base

　　A recent Huatai Securities report anticipates AIA (01299.HK) +1.000 (+1.934%) Short selling $120.44M; Ratio 17.225% to log a 22% YoY growth in 1H24 new business value (NBV) at AER (also applied to the following percentages), which is believed to be resilient from a high base. The broker also expects the group's OPAT to climb 2% YoY and its OP per share, taking into account the impact of the company's share buyback to reduce its share count, to gain 6% YoY, representing the first significant rebound of this indicator from 2H22 onwards.

　　Huatai Securities expects AIA's dividend plus buybacks to total US$6.8 billion over the next 12 months. After factoring in the investment fluctuations, it lowered its 2024-2026 EPS forecasts for the group to US$0.41, US$0.54, and US$0.61 respectively, with a TP of $90 and a Buy rating.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 12:25.)

　　Related NewsCICC Forecasts AIA (01299.HK) 1H24 VONB to Hike 21% YoY in AER Terms

　　AAStocks Financial News