Morgan Stanley released a research report stating that AIA's (01299) first half new business value performance was healthy and in line with market expectations. Key financial indicators continued to improve, exceeding the bank's forecasts by 1 to 3 percentage points. Additionally, management expressed confidence in China market growth.
Morgan Stanley slightly raised AIA's after-tax net profit forecasts for fiscal years 2025 to 2027 by 0.7%, 0.4%, and 0.1% respectively. New business value forecasts were also marginally increased by 0.7 to 0.8%. The firm maintains an "Overweight" rating on the stock.