大行评级丨海通国际：上调友邦保险目标价至108.5港元，看好今明两年增长前景

Core Viewpoint - Haitong International's report indicates that AIA Group is expected to achieve a 14% growth in new business value by the end of Q4 2025, driven by improved agent productivity, diversified channels, and better performance in Hong Kong and mainland markets [1] Group 1 - The forecast for the new business value growth trajectory is projected to remain healthy and sustainable at 15% to 17% over the next two years [1] - The new business value predictions for AIA from 2025 to 2027 have been revised upward by 0% to 7% [1] - The target price for AIA has been increased from HKD 99.5 to HKD 108.5, while maintaining an "outperform" rating [1]