Morgan Stanley analyst Richard Xu has maintained their bullish stance on AAIGF stock, giving a Buy rating today.
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Richard Xu’s rating is based on the expectation of continued strong performance by AIA Group, driven by double-digit growth in value of new business (VNB). The company is projected to achieve a 15% year-on-year increase in VNB for the third quarter of 2025, maintaining the momentum from the first half of the year. Key markets such as Hong Kong and Thailand are anticipated to be significant contributors to this growth, with China also showing signs of recovery.
Additionally, the improved macroeconomic conditions, including favorable currency movements and positive equity market performance, are expected to benefit AIA Group’s financials. The company’s strategic initiatives, such as the launch of new products in Hong Kong and the expansion in China, are likely to support its growth trajectory. These factors combined provide a strong foundation for Richard Xu’s Buy rating on AIA Group’s stock.
In another report released today, TR | OpenAI – 4o also upgraded the stock to a Buy with a HK$79.00 price target.

