BofA Securities released a research report, covering AIA (01299.HK) -1.550 (-2.195%) Short selling $350.31M; Ratio 16.479% , which will deliver its operational data for 1-3Q25 at the end of October. The broker expected that AIA's VNB for 3Q25/ 9M25 will grow by 15% YoY on an actual FX basis, with a full-year growth forecast of 14-15%. Potential upside may stem from accelerated growth in China and smaller ASEAN markets. The broker maintained its target price on AIA at HK$90 with a Buy rating.By market segmentation, the broker noted that the mainland China's VNB regained growth in 2Q25, and it was forecast to keep growing by 3-5% in 3Q25, showing slim QoQ improvement. As for Hong Kong, the broker projected that VNB growth from mainland visitors will slow to 14% YoY, compared to an approximately 30% increment in 1H25, while local customer VNB growth may remain at around 20% YoY.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-17 16:25.)Related NewsM Stanley Envisions AIA's 3Q VNB to Rise 15% YoY on CER Basis