智通财经网·2025-10-15 06:29Core Viewpoint - Morgan Stanley forecasts that AIA Group (01299) will see a 15% year-on-year increase in new business value for Q3, continuing the momentum from a 14% increase in the first half of the year [1] Group 1: Market Performance - The Hong Kong market is expected to achieve a 20% year-on-year growth in new business value for Q3, driven by the launch of popular new participatory products [1] - The mainland market is projected to see a 9% year-on-year increase in new business value, supported by healthy demand due to a new round of interest rate cuts, regional business expansion, and growth in bancassurance channels [1] - The Thai market is anticipated to experience a 20% year-on-year growth in new business value, with annualized premium equivalents in July and August showing a 13% year-on-year increase, alongside stable profit margins for certain medical products [1] - The Singapore market is expected to achieve a 19% year-on-year growth in new business value, with new linked products likely to remain attractive [1] Group 2: Investment Rating - Morgan Stanley maintains an "Overweight" rating for AIA Group, with a target price set at HKD 96 [1]