＜Research＞Citi Expects AIA (01299.HK) 1H24 VONB to Rise 24% YoY at Constant Exchange Rate, Cuts TP to $99

　　Citi Research issued a research report saying that AIA (01299.HK) +1.100 (+2.163%) Short selling $480.85M; Ratio 24.041% will release its 1H24 results in late August, and forecasting that 1H24 VONB will grow by 24%/ 20% YoY on both a constant exchange rate/ actual exchange rate basis.

　　In other words, under the influence of regulatory factors and the higher base of Hong Kong, China and India businesses in the same period of 2023, 2Q24 VONB will still record a healthy growth rate of 16%/ 13% on the above 2 basis.

　　Based on the interim results forecast, Citi Research lowered its 2024-2026 EPS forecasts by 4%/ 2%/ 2% accordingly, and slightly cut its target price from $100 to $99, with rating at Buy.

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

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