CICC: Raises target price for AIA Group Insurance (01299.HK) to HK$93.1, maintains "outperform" rating.

Wisdom Financial APP learned that CICC released a research report stating that AIA Group (01299.HK) has exceeded expectations in the mainland market, and the trend of agents is expected to contribute to the future strength of new businesses, with an optimistic outlook for AIA China in 2026. Due to the exceeding expectations in new business growth, the company's 2025 and 2026 EPS were raised by 2.3% and 1.8% respectively. The stock price valuation basis was moved forward to 1.5 times the 2026 embedded value ratio (PEV), corresponding to a 12% increase in the target price to 93.1 Hong Kong dollars, maintaining an outperform rating in the industry.