Daiwa: Maintains "buy" rating on FWD Group (01299.HK) with new business value in the first half meeting expectations.

According to the Wisdom Finance APP, Morgan Stanley released a research report stating that AIA Insurance (01299.HK) performed well in the first half of the year in terms of new business value, meeting market expectations. Key financial indicators continued to improve and exceeded the bank's forecast by 1 to 3 percentage points. In addition, management is confident in the growth of the Chinese market. Morgan Stanley slightly raised AIA Insurance's tax-exempt net profit forecast for the 2025 to 2027 fiscal years by 0.7%, 0.4%, and 0.1%, and slightly adjusted the new business value by 0.7% to 0.8%. The rating was increased to "Hold".