Morgan Stanley has released a research report forecasting that AIA's (01299.HK) -1.550 (-2.195%) Short selling $350.31M; Ratio 16.479% 3Q25 value of new business (VNB) will rise by 15% YoY on a constant exchange rate (CER) basis, continuing the momentum of a 14% YoY increase in 1H25.The broker anticipated the Hong Kong and Thailand markets to continue serving as an engine for AIA's growth. Specifically, the Hong Kong market is expected to achieve a 20% surge in VNB on a CER basis in 3Q25 due to the launch of popular new participating products.Related NewsBofAS Estimates AIA (01299.HK) 3Q VNB to Grow 15%, Maintains Buy RatingAIA was given an Overweight rating and a target price of HKD96.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-17 16:25.)