<div id="readability-page-1"><div>AIA (01299.HK) +1.000 (+1.423%) Short selling $795.19M; Ratio 18.541% opened 1.57% higher today and peaked at HKD72.25. It is now trading at HKD71.6, up 1.92%, with turnover of 29.2869 million shares, involving HKD2.08 billion.M Stanley said in a tactical research report that it believes AIA’s share price will rise in absolute terms over the next 30 days. This is mainly due to the recent pullback, which has made its near-term valuation more attractive. The bank estimates the probability of this scenario at around 60% to 70% (or “likely”).The bank further noted that AIA completed a USD1.7 billion share buyback (approximately 1.6% of total shares outstanding) on Mon, 8 Jun 2026. In principle, the next round of buybacks is expected to take place in 2027. It believes that even without buyback support, AIA’s share price will remain resilient. The current valuation has corrected to 1.09x its 2026 forecast price-to-book ratio (1.03x on a 12-month forward basis), or only 1.9x its 2026 forecast value of new business multiple.The bank reiterated that AIA’s downside risk is limited and that the current share price represents a good long-term buying opportunity. It maintained an Overweight rating on AIA with a TP of HKD109.M Stanley pointed out that market concerns are mainly focused on potential further regulatory tightening targeting mainland Chinese visitors (MCV) business. However, the bank does not expect this to materialize. Firstly, regulatory rectification on cross-border stock trading and the State Council’s outbound investment rules have not targeted MCV insurance business. Secondly, the business has been operating as usual over the past three weeks. Thirdly, the Hong Kong Insurance Authority maintains close communication with relevant mainland regulators and departments, with regulatory focus more on licensed operations and sales processes in Hong Kong.M Stanley added that even under the assumption of no new MCV business starting from 2H2026, the impact on embedded value, contractual service margin and operating profit would be manageable, with only a 2% to 6% decline expected in FY2027 to FY2028. The bank does not expect such an extreme scenario to occur. Therefore, it believes market concerns are overdone, AIA’s fundamentals remain solid, and its valuation is highly attractive. (ad/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-10 16:25.)</div></div>

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M Stanley maintains an Overweight rating on AIAwith a HKD109 target price, predicting absolute share price upside in the next 30 days due to attractive valuation following recent pullbacks. The bank dismisses market concerns over potential regulatory tightening on Mainland Chinese visitor business, citing normal operations and manageable financial impact even in worst-case scenarios. AIA recently completed a USD1.7 billion buyback, reinforcing its resilient fundamentals.

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AIA  Rebounds Nearly 2% Against Market; M Stanley Sees Absolute Share Price Upside in Next 30 Days