智通财经网·2025-08-21 09:47Core Viewpoint - Morgan Stanley's report highlights that AIA Group (01299) is gaining increased market attention in China due to its sustained recovery and growth in profit margins [1] Group 1: Growth Drivers - The management identifies three key growth drivers in the Chinese market: professional high-end agents, differentiated bank business, and geographical expansion [1] - AIA's new business value compound annual growth rate (CAGR) for new regions is projected to reach 46% from the first half of 2022 to the first half of 2025 [1] Group 2: Performance and Outlook - The company benefits from a strong performance record, encouraging recruitment trends, and positive operational results, leading management to express confidence in the company's future [1] - Morgan Stanley sets a target price of HKD 96 for AIA, maintaining an "Overweight" rating [1]