Haitong International: Upgraded the target price of AIA Group Insurance (01299.HK) to 99.5 Hong Kong dollars. The growth in new business value in the last quarter exceeded expectations.

According to the Wisdom Financial APP, Goldman Sachs released a research report stating that it has raised its forecast of AIA Insurance (01299.HK) new business value for the years 2025 to 2027 by 1.8% to 2.5%, and raised the target price from HK$97.8 to HK$99.5. The bank believes that AIA's long-term growth prospects are solid, supported by factors including an elite agent team, rapidly growing cooperation channels, cross-regional layout, high-quality customer base, diversified product portfolio, and strong profitability. It reiterated its "outperform the market" rating.