＜Research＞CLSA Lowers AIA (01299.HK) TP to $77, Sees 24% VONB Growth in 1H24

　　AIA (01299.HK) -0.450 (-0.872%) Short selling $463.39M; Ratio 16.426% will released its 1H24 results on 22 August, CLSA released a research report saying.

　　CLSA expected VONB to grow by 24% at a constant exchange rate, implying a QoQ slowdown in 2Q24 growth rate to 17% (compared to a 31% increase in 1Q24), mainly due to a base effect and is well expected.

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　　CLSA believed that AIA's fundamentals are solid, and its share price valuation is depressed, with a shareholder yield of 7%. CLSA slightly adjusted its investment and foreign exchange forecasts, and lowered its target price from $82 to $77, with rating kept at Outperform.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-24 16:25.)

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