0635 GMT - AIA Group's midterm growth outlook in China appears optimistic to UOB Kay Hian's Kenny Lim. The Hong Kong insurer's core growth engines are likely to stem from its China expansion, given that new business value from new Chinese regions doubled on year in 3Q, he says in a note. AIA's overall China business could deliver high-teens growth in new business value annually over 2025-2030, assuming low-teens new business value growth in its established regions, he says. While AIA's shares rallied after its 3Q results, the analyst sees further share-price upside if consensus estimates for new business value growth are raised. UOB KH raises its target price to HK$102.00 from HK$95.00 and maintains its buy rating. Shares rise 0.3% to HK$80.85. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
December 01, 2025 01:35 ET (06:35 GMT)
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