UBS: Upgrades AIA Group (01299.HK) to "Buy" rating with a target price of 88 Hong Kong dollars.

According to the Zhixin Finance APP, UBS released a research report stating that AIA Group (01299.HK) is investing 2 billion yuan (about 277 million US dollars) in China Post Insurance, maintaining its 25% equity stake, and the transaction will be funded by internal resources. The additional investment accounts for 2.2% of AIA's free surplus in 2024 and 0.7% of its net asset value. UBS expects that the impact of the investment on AIA's solvency will be minimal, with its financial flexibility remaining strong, and believes that it will further strengthen AIA China's bank insurance cooperation with Postal Savings Bank of China (01658,601658.SH). UBS has set a target price of 88 Hong Kong dollars for AIA and gives it a "buy" rating.