JPMorgan: AIA Group (01299.HK) expects a 15% year-on-year increase in new business value for the first half of the year, with limited short-term catalysts.

According to the Zhitong Finance APP, J.P. Morgan released a research report stating that AIA Group (01299.HK) has slightly underperformed since the beginning of the year, with a decrease of 0.3%, compared to a 0.9% increase in the Hang Seng Index. Currently, it is trading at 1.1 times the expected share price for 2027 against its intrinsic value, with a total shareholder return yield of approximately 4%. The target price has been raised from HKD 112 to HKD 118, reflecting a valuation extension from the end of 2026 to the end of 2027, and the rating is " overweight."