Lyon: Microlife insurance (01299.HK) target price raised to 121 Hong Kong dollars, the fundamentals remain solid.

Finance and Economics APP learned that Lyon released a research report stating that it recently hosted a conference call for AIA Insurance (01299.HK), with a total of 55 investors participating. The conference call conveyed a consistent message: although growth may slow down after a strong first quarter in 2026, its underlying fundamentals remain solid. Currently, the macro conditions are constructive, mainland visitor demand remains resilient, regulatory developments are supportive, and capital efficiency is improving. The firm maintains its profit forecast unchanged, but after rolling valuation models, it slightly raises its target price from HK$120 to HK$121, maintaining an "outperform the market" rating.