智通财经网·2025-10-15 06:49Core Viewpoint - Bank of America Securities anticipates AIA Group (01299) to report a year-to-date operating data for the first three quarters at the end of October, with expected year-on-year growth of 15% for both the third quarter and the first nine months in terms of new business value (VNB) at actual exchange rates, maintaining an annual growth forecast of 14% to 15% [1] Group 1 - The potential upside may come from accelerated growth in China and smaller ASEAN markets [1] - The target price remains unchanged at HKD 90, with a "Buy" rating [1] - In terms of market segmentation, the mainland China market's VNB has resumed growth in the second quarter, with expectations for continued growth in the third quarter, projected at 3% to 5% [1] Group 2 - For the Hong Kong market, the VNB growth from mainland visitors is expected to slow to 14% year-on-year, down from approximately 30% in the first half of the year [1] - Local customer VNB growth is projected to remain around 20% year-on-year [1]