Morgan Stanley: AIA (01299.HK) Q3 New Business Value Fell 5%, Broadly in Line with Expectations; Maintains "Overweight" Rating

Zhitong Finance APP has learned that Morgan Stanley issued a research report stating that AIA (01299.HK)'s third-quarter new business value fell 5% year-on-year at constant exchange rates to US$1.415 billion, broadly in line with the market's expected 4% decline, but slightly below the bank's forecast of a 3% drop. It maintains an "Overweight" rating with a target price of HK$101.