UBS: Cuts AIA (01299.HK) target price by 2% to HK$100, maintains "Buy" rating.

Zhitong Finance APP has learned that UBS issued a research report stating that it lowered the target price of AIA (01299.HK) by 2%, from HKD 102 to HKD 100, while maintaining a "Buy" rating. The bank lowered its 2026 new business value (VNB) growth forecast to 10% to reflect third-quarter performance pressure and macroeconomic conditions so far in the second half of the year. AIA's share price has fallen 3.4% over the past two weeks, underperforming the Hang Seng Index by 2.2 percentage points, possibly affected by the global bond selloff and market expectations of weak third-quarter results.