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<Research>JPM: AIA (01299.HK) 1Q New Biz Value Growth Slowdown Poses No Major Risk; Weak Shr Price Offers Buying Opportunity
Recommend 17 Positive 18 Negative 9 |
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AIA (01299.HK)'s share price underperformed the market, with its valuation falling to below its historical average, JPMorgan published a research report saying. The broker believed that the slowdown in 1Q26 new business value growth does not pose a significant risk to the Company's full-year forecasts, while the recent share price weakness presents an attractive buying opportunity for investors. Therefore, JPMorgan kept rating/ target price at Overweight/ $112 for AIA. The broker forecasted FY2026-2028 new business value growth to be 13%/ 19%/ 17%, respectively. Following the Company's announcement of a US$1.7 billion buyback budget for this year, JPMorgan anticipated AIA's total shareholder return over the next 12 months could reach approx. 4%. Auto-translated by AI AASTOCKS Financial News |
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