JP Morgan: Maintains "overweight" rating on AIA (01299) with a target price of HK$59.4.
The report mentions that the friendly nation's large buyback plan, which exceeds 75% of its net free cash flow, could serve as a catalyst for its stock price in the near future.
JPMorgan Chase released a research report stating that it maintained a "buy" rating for AIA (01299) with a target price of 59.4 Hong Kong dollars. AIA's stock price has underperformed the market so far this year, but its 2025 fiscal year price-to-earnings ratio forecast is 12 times, significantly higher than mainland insurance companies listed in Hong Kong (forecasted price-to-earnings ratio of 5 to 7 times).
The bank stated that before AIA's 2024 fiscal year performance report, it recommended buying AIA over Chinese life insurance companies, mainly due to the sustainability of shareholder returns, differentiated growth characteristics, and stable cash generation prospects. The bank mentioned that AIA's large buyback plan exceeding 75% of net free cash flow could serve as a catalyst for its stock price in the near term.
Related Articles
Bidding for Warner Bros. (WBD.US) enters a critical period, while Paramount Skydance (PSKY.US) speeds up the antitrust review process.
US Stock Market Move | Multiple departments issued letters to support the new consumption and financial consumption driving LexinFintech Holdings Ltd. Sponsored ADR Class A (LX.US) to rise by 6.04%.
Industry's First Rider Family Hospitalization Protection Implemented Meituan Upgrades Major Illness Care Plan Covering Over One Million Rider Families
Bidding for Warner Bros. (WBD.US) enters a critical period, while Paramount Skydance (PSKY.US) speeds up the antitrust review process.
US Stock Market Move | Multiple departments issued letters to support the new consumption and financial consumption driving LexinFintech Holdings Ltd. Sponsored ADR Class A (LX.US) to rise by 6.04%.
Industry's First Rider Family Hospitalization Protection Implemented Meituan Upgrades Major Illness Care Plan Covering Over One Million Rider Families
