Zhi Tong Cai Jing·2025-10-15 06:37Core Viewpoint - Morgan Stanley forecasts AIA Group (01299) to achieve 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 see 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 have 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 achieve a 20% year-on-year growth in new business value, with annualized premium equivalent growth of 13% in July and August, alongside stable profit margins for certain medical products [1] Group 2: Product Appeal - The Singapore market is expected to see a 19% year-on-year increase in new business value, with new linked products likely to remain attractive to consumers [1]