Zhi Tong Cai Jing·2025-08-05 02:19Core Viewpoint - Morgan Stanley has slightly raised the target price for AIA Group (01299) by 2.9%, from HKD 102 to HKD 105, while maintaining an "Overweight" rating, primarily due to expected better-than-expected earnings in 2026 and significant potential for shareholder returns [1] Group 1: Stock Performance - AIA's stock has increased by 27% year-to-date, outperforming the Hang Seng Index, which has risen by 23% during the same period [1] Group 2: Positive Factors - Several positive factors appear to be reflected in the stock price, including double-digit business growth, management's confidence in core profit growth, and the strengthening of Asian currencies against the US dollar [1] Group 3: Upcoming Catalysts - The market may focus on new catalysts from the 2025 first-half earnings report, including: 1) the speed of cash increase; 2) the outlook for Hong Kong business under new regulations; 3) overall shareholder return guidance for 2026 [1]