Goldman Sachs published a research report. It is expected that the value of AIA's new business will increase 15% year-on-year to US$3.254 billion in the first half of this year based on actual exchange rates. The growth rate in the second quarter is expected to slow to 12%, down from 17% in the first quarter. It is mainly affected by the high base effect of the Hong Kong market rather than a slowdown in sales. The bank expects operating profit after tax to rise 10% year-on-year to US$3,957 billion in the first half of the year, driven by strong insurance service performance. The mid-term dividend is forecast to rise 10% year over year to $0.069 per share. The bank raised its net profit forecast for the 2026 fiscal year by 12%, mainly reflecting strong stock market performance in the first half of the year and driving a 2% increase in the book value forecast from 2026 to 2028. Based on 1.4 times the predicted included value, the target price remained unchanged at HK$97, reaffirming the “buy” rating.

Goldman Sachs published a research report. It is expected that the value of AIA's new business will increase 15% year-on-year to US$3.254 billion in the first half of this year based on actual exchange rates. The growth rate in the second quarter is expected to slow to 12%, down from 17% in the first quarter. It is mainly affected by the high base effect of the Hong Kong market rather than a slowdown in sales. The bank expects operating profit after tax to rise 10% year-on-year to US$3,957 billion in the first half of the year, driven by strong insurance service performance. The mid-term dividend is forecast to rise 10% year over year to $0.069 per share. The bank raised its net profit forecast for the 2026 fiscal year by 12%, mainly reflecting strong stock market performance in the first half of the year and driving a 2% increase in the book value forecast from 2026 to 2028. Based on 1.4 times the predicted included value, the target price remained unchanged at HK$97, reaffirming the “buy” rating.