---
title: "The report from \"Major Banks\" raised AIA's target price to 85 yuan and continued to recommend \"Hold,\" expecting growth to slow down in the next five years"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279899618.md"
description: "HSBC Global Research report pointed out that AIA's new business value in the fourth quarter of last year increased by 15% year-on-year, with growth slowing down due to weakened momentum in Hong Kong and mainland China operations. Despite the average performance, the USD 1.7 billion share repurchase plan was a positive surprise. The bank has lowered its new business value forecasts for 2026 and 2027 by 2% to 3%, while raising the net profit forecast for 2026 by 19%. The target price has been raised from HKD 80 to HKD 85, maintaining a \"Hold\" rating, with expectations of slowed growth over the next five years"
datetime: "2026-03-20T06:45:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279899618.md)
  - [en](https://longbridge.com/en/news/279899618.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279899618.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279899618.md) | [繁體中文](https://longbridge.com/zh-HK/news/279899618.md)


# The report from "Major Banks" raised AIA's target price to 85 yuan and continued to recommend "Hold," expecting growth to slow down in the next five years

HSBC Global Research report indicates that AIA (01299.HK) saw its new business value (VONB) increase by 15% year-on-year in the fourth quarter of last year at constant exchange rates, a slowdown compared to the 18% growth in the first nine months of the year, seemingly affected by weakened business momentum in Hong Kong and mainland China. Although the performance was not particularly outstanding, the newly announced USD 1.7 billion share repurchase plan is a positive surprise.

The bank has lowered its new business value forecasts for 2026 and 2027 by 2% to 3% to reflect last year's performance falling short of expectations; however, the net profit forecast for 2026 has been raised by 19%. The target price has been increased from HKD 80 to HKD 85, maintaining a "Hold" rating, with expectations that the company's growth will slow in the next five years

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