CMB International Securities raises target price of China Taiping Insurance (01299.HK) to 105 Hong Kong dollars and maintains a "buy" rating.

According to the Wise Finance APP, J.P. Morgan released a research report stating that AIA (01299.HK) has outperformed the market so far this year, with its stock price rising 27% from its low of 46 Hong Kong dollars in April 2024 (Hang Seng Index: 23%). It seems to have already reflected many positive factors. Therefore, the market may focus on new catalysts in the first half of 2025, such as accelerating cash growth, the outlook for local business after various regulatory changes, and the 2026 Total Shareholder Return (TSR) guidelines set in reports released in August 22nd. JP Morgan has extended the target price timeframe from December 2025 to June 2026, with a new target price of 105 Hong Kong dollars, compared to the original target price of 102 Hong Kong dollars. The rating remains at "Buy" as it is expected that the profit guidance for 2026 will be revised upwards or exceed expectations, with further potential for total shareholder returns to increase. In addition, regulatory developments in Hong Kong are expected to be more favorable for the company.