Daiwa: Market attention on AIA China's business, "Hold" rating.

Zhitong Finance APP learned that Daiwa Securities released a research report stating that AIA Insurance (01299) is receiving more market attention in its China business, mainly due to its continued achievement of recovery-based growth and increasing profitability. Management believes that the Chinese market has three key growth engines, including professional high-end agents, differences in banking business, and geographic expansion, and has uploaded an AI video demonstration about its growth strategy in China on its website. The bank pointed out that in terms of regional expansion, AIA China's new business value compound annual growth rate in new regions from the first half of 2022 to the first half of 2025 reached 46%. Benefiting from its strong performance record, encouraging recruitment trends, and good performance, management is confident in the company. The bank has a target price of HK$96 for AIA and a "hold" rating.