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<Research>Nomura Lifts AIA (01299.HK) TP to $91.11, Estimates Total Shr Buyback US$5B in FY2024-2026
Recommend 21 Positive 43 Negative 20 |
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AIA (01299.HK) has surprised the market by announcing a new capital management policy in its 1Q24 results, to address concerns about its capital management plan, after the completion of its existing US$10 billion share buyback by end-2024, Nomura said. Nomura forecasted an additional US$5 billion share buybacks between 2024 and 2026, with an additional capital return of US$4.5 billion announced annually for 2024-2026, involving dividends of US$2.5 billion/ US$2.7 billion/ US$2.9 billion and share buybacks of US$2.0 billion/ US$1.8 billion/ US$1.6 billion each year. Nomura lifted its target price on AIA from $90.88 to $91.11, with rating kept at Buy. AAStocks Financial News |
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