＜Research＞CICC Forecasts AIA (01299.HK) 1H24 VONB to Hike 21% YoY in AER Terms

　　According to a report by CICC, AIA (01299.HK) +1.200 (+2.321%) Short selling $470.40M; Ratio 19.340% will disclose its 1H24 results on 22 August. The company's value of new business (VONB) in 1H24 is expected to grow by 21% and 23% YoY at actual and constant exchange rates, respectively, corresponding to 12% and 15% YoY quarterly growth for 2Q. Meanwhile, its OPAT at actual exchange rates in 1H24 is predicted to gain 2.2% YoY to US$3.34 billion, while OPAT per share will climb 5.7% YoY.

　　After factoring in investment volatility, CICC cut its EPS forecast for 2024 by 8.5% to US$0.65, and basically maintained 2025's EPS forecast and the embedded value per share for 2024 and 2025. The broker gave AIA an Outperform rating with a TP of $74.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-26 16:25.)

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