Ge Long Hui·2026-02-10 03:47Core Viewpoint - UBS reported that AIA Group's stock price fell by 8% over two trading days (February 5 and 6), with no specific news related to the company, suggesting profit-taking after outperforming the Hang Seng Index by 13 percentage points in the past two months [1] Group 1 - UBS highlighted concerns among some investors regarding the pressure on new business value growth due to a high base caused by temporary factors [1] - Despite the concerns, UBS emphasized growth opportunities from the migration of deposits from mainland China, indicating that while bancassurance is not AIA's primary focus, it can leverage its elite agency team targeting middle-class and affluent clients [1] - AIA is expected to benefit significantly from its focus on protection products and strong distribution capabilities, positioning it well to capitalize on the demand for Hong Kong insurance products that offer broader investment options and higher expected returns for mainland tourists [1] Group 2 - UBS set a target price of HKD 106 for AIA and maintained a "Buy" rating [1]