---
title: "Citi Forecasts AIA 1H VONB to Lift 14%, Slightly Raises EPS Forecast, Maintains Buy Rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292560851.md"
description: "Citi maintains a Buy rating on AIAwith an unchanged target price of HKD103. The broker forecasts a 14% YoY increase in 1H26 VONB, driven by growth in China and Hong Kong. EPS forecasts for FY2026-28 were slightly raised by 5%, 2%, and 2% respectively, following updates to net investment income assumptions. Interim DPS is expected to rise 12%."
datetime: "2026-07-14T03:25:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292560851.md)
  - [en](https://longbridge.com/en/news/292560851.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292560851.md)
generator: "portal-rs"
---

# Citi Forecasts AIA 1H VONB to Lift 14%, Slightly Raises EPS Forecast, Maintains Buy Rating

Citi issued a research report expecting AIA (01299.HK) 0.000 (0.000%) Short selling $290.44M; Ratio 13.780% to announce its interim results for 1H26 on 20 August 2026. The broker estimated that despite challenges from a high base, AIA's VONB in China and Hong Kong, calculated at CER, will still record YoY growth of 19% and 13% respectively, shoring the group's overall VONB up by 14% YoY at AER to USD3.232 billion. Meanwhile, after factoring in the impact of share buybacks, operating profit attributable to shareholders per share was expected to grow 11% YoY, while interim DPS was also estimated to lift 12%.

Before AIA announces its interim results, Citi updated its financial model mainly by raising its net investment income forecasts, thereby slightly raising its EPS forecasts for FY2026-28 by 5%, 2% and 2% respectively. The broker maintained its Buy rating on AIA and kept its TP unchanged at HKD103, based on the Appraisal Value methodology.  
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-13 16:25.)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**