智通财经网·2026-01-06 07:18Group 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]