Core Viewpoint - Morgan Stanley has slightly raised the target price for AIA Group (01299) by 2.9%, from HKD 102 to HKD 105, maintaining an "Overweight" rating due to expected better-than-expected earnings in 2026 and significant shareholder return potential [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 - Positive factors reflected in the stock price include double-digit business growth and management's confidence in core earnings growth [1] - The strengthening of Asian currencies against the US dollar is also contributing to the positive outlook [1] Group 3: Upcoming Catalysts - Market focus may shift to 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]
小摩:上调友邦保险(01299)目标价至105港元 维持“增持”评级