Group 1 - BlackRock increased its stake in AIA Group Limited (01299) by acquiring 26,869,334 shares at a price of HKD 83.7565 per share, totaling approximately HKD 2.25 billion [1] - Following the acquisition, BlackRock's total shareholding in AIA Group is approximately 744 million shares, representing a stake of 7.08% [1]

Group 1 - Goldman Sachs reports that AIA Group (01299) holds an optimistic outlook for growth in the mainland China and Hong Kong markets by 2026, driven by strong sales momentum and positive profit margin projections [1] - For the Thailand market, AIA notes that the implementation of co-payments in Q1 2025 will release pent-up demand, but new business growth from Q4 2025 to the first half of 2026 will be affected by a high base effect [1] - Goldman Sachs assigns a "Buy" rating to AIA Group with a target price of HKD 85 [1]

Group 1 - The core viewpoint of the article is that AIA Group (01299) maintains an optimistic outlook for growth in the mainland China and Hong Kong markets by 2026, driven by strong sales momentum and positive profit margin projections [1] - AIA Group indicated that the Thai market's new business growth from Q4 2025 to the first half of 2026 will be impacted by a high base effect due to the implementation of co-payments in Q1 2025, which has brought forward demand [1] - Goldman Sachs has assigned a "Buy" rating to AIA Group with a target price of HKD 85 [1]

Group 1 - The core viewpoint of the article is that AIA Group holds an optimistic outlook for growth in the mainland China and Hong Kong markets by 2026, driven by strong sales momentum and positive profit margin projections [1] - AIA Group anticipates that the Thai market will experience new business growth challenges in the fourth quarter of 2025 and the first half of 2026 due to a high base effect, as co-payment implementation in the first quarter of 2025 has brought forward demand [1] - Goldman Sachs has assigned a "Buy" rating to AIA Group with a target price of HKD 85 [1]

Group 1 - AIA Asset Management Co., Ltd. was established on January 4 with a registered capital of 100 million yuan [1] - The company's business scope includes insurance asset management [1] - AIA Life Insurance Co., Ltd. holds 100% ownership of the new company [1]

FF301 第 1 頁 共 11 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年12月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 友邦保險控股有限公司 | | | | 呈交日期: | 2026年1月7日 | | | | I. 法定/註冊股本變動 | 不適用 | | | | 備註： | | | | | 友邦保險控股有限公司(「本公司」)並無法定股本及/ 或其普通股並無股份面值。 | | | | | 1. 股份分類 | | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號(如上市) | | 01299 | | 說明 | | | | | | | | 多櫃檯證券代號 | | 8129 ...

Group 1 - The target price for AIA Group has been raised from HKD 103 to HKD 106 by DBS Bank [1]

Group 1 - The core viewpoint of the article is that CITIC Securities has downgraded the expectations for AIA Group (01299) due to market volatility, but maintains a target price of HKD 110 and an "outperform" rating [1] - AIA Group remains the preferred choice in the Asian insurance sector according to CITIC Securities, which appreciates the company's ability to achieve long-term quality profit growth and shareholder returns [1] - The shift from stock buybacks to investing in new business for organic growth is expected to enhance long-term shareholder value [1] Group 2 - CITIC Securities forecasts a compound annual growth rate of 10% for earnings per share dividends from 2024 to 2027 [1] - The anticipated stock buyback of USD 1 billion to 1.1 billion in 2026/27 reflects total shareholder return rates of 3.4% and 3.7% for 2026 and 2027 respectively [1]

Group 1 - The core viewpoint of the report is that Citic Securities has downgraded the expectations for AIA Group (01299) due to capital market volatility, while maintaining a target price of HKD 110 and an "outperform" rating [1] - AIA Group remains the top choice in the Asian insurance sector according to Citic Securities, which appreciates the company's ability to achieve long-term quality profit growth and shareholder returns [1] - The shift from stock buybacks to investing in new business for organic growth is expected to enhance long-term shareholder value [1] Group 2 - Citic Securities forecasts a compound annual growth rate of 10% for earnings per share dividends from 2024 to 2027, along with stock buybacks of USD 1 to 1.1 billion in 2026/27 [1] - The total shareholder return rates are projected to be 3.4% and 3.7% for 2026 and 2027, respectively [1]

Group 1 - The Hang Seng Index opened up by 0.59%, and the Hang Seng Tech Index rose by 0.79%, with active performance in insurance stocks, lithium mining stocks, and tech stocks [1] - Guotai Junan Securities believes that the current rise in Hong Kong stocks is supported by fundamentals, with signs of structural recovery in profitability starting from the second half of 2024, driven by stabilization in both domestic and external demand [1] - The weighting of new economy-related stocks in the Hang Seng Index has increased from 17% to nearly 50%, indicating a shift towards hard technology sectors such as AI applications, new energy, and semiconductors [1] Group 2 - Guolian Minsheng Securities forecasts that the domestic economy will experience a weak recovery in 2026, benefiting Hong Kong stocks, with an expected inflow of 630 billion to 1,050 billion HKD from southbound funds [2] - The performance of Hong Kong stocks during the New Year holiday is expected to influence the A-share market post-holiday, with a historical correlation coefficient of about 0.5 between the Hang Seng Index's performance during this period and the subsequent performance of the Shanghai Composite Index [2]