The Zhitong Finance App learned that Goldman Sachs released a research report saying that AIA Insurance (01299.HK)'s new business value is expected to increase 15% year-on-year to US$3.254 billion in the first half of this year based on actual exchange rates. Among them, the growth rate for the second quarter is expected to slow to 12% (based on actual exchange rates), down from 17% in the first quarter. It is mainly affected by the high base effect of the Hong Kong market rather than a slowdown in sales. The bank expects Hong Kong to record quarterly growth in new annualized premiums and new business value in the second quarter. Goldman Sachs raised its net profit forecast for the 2026 fiscal year by 12%, mainly reflecting strong stock market performance in the first half of the year and driving up the 2026-2028 book value forecast by 2%. Based on the estimated intrinsic value 1.4 times, the target price remained unchanged at HK$97, confirming the “buy” rating.

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