Goldman Sachs released a report reiterating the ability of the business to achieve shareholder returns and long-term profit growth. Based on the basic scenario of the company repurchasing an additional $2 billion worth of shares in fiscal years 2025/26, it is estimated that the after-tax operating surplus of the company will grow at a rate of 10% per year from fiscal years 2024 to 2026. Maintain a "buy" rating for AIA and include it on the conviction buy list, with a target price of 98 yuan.$AIA (01299.HK)$A major advantage of AIA is its ability to achieve shareholder returns and long-term profit growth. Based on the basic scenario of the company repurchasing an additional $2 billion worth of shares in fiscal years 2025/26, it is estimated that the after-tax operating surplus of the company will grow at a rate of 10% per year from fiscal years 2024 to 2026. Maintain a "buy" rating for AIA and include it on the conviction buy list, with a target price of 98 yuan.

Goldman Sachs recently met with AIA's investor relations team. AIA explained the adverse factors that the basic free surplus will face in fiscal years 2022/23, and it is expected that the basic free surplus will be driven by future new business and effective business value (VIF) growth. In addition, as the company continues to repurchase shares, AIA emphasizes that the return per share should continue to exceed the growth of overall operating and free surplus.