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2024-05-02 15:56:33 AIA (01299.HK) has surprised the market by announcing a new capital management policy in its 1Q24 results, to address concerns about its capital management plan, after the completion of its existing US$10 billion share buyback by end-2024, Nomura said. Nomura forecasted an additional US$5 billion share buybacks between 2024 and 2026, with an additional capital return of US$4.5 billion announced annually for 2024-2026, involving dividends of US$2.5 billion/ US$2.7 billion/ US$2.9 billion and share buybacks of US$2.0 billion/ US$1.8 billion/ US$1.6 billion each year. Nomura lifted its target price on AIA from $90.88 to $91.11, with rating kept at Buy. ~ AAStocks Financial News Web Site: www.aastocks.com | |