AIA reported +11% growth in clean FY 2024 net income; confirmed a 100% payout ratio (E236m/9% yield); and announced (up to E240m) capital increase by 2028 to expedite /co-finance its terminal expansion program while lifting its regulatory capital.

This is our BoP Greek equities briefing. We have not made many changes compared to our semi-annual one in July: we downgraded Alpha and Helex; and upgraded Eurobank. Plus, we re-visited GEK, reiterating OI and replacing its soon-to-be-delisted RES subsidiary, Terna Energy.