Glonghui, April 26 | Morgan Stanley published a technical research report. It is expected that AIA's stock price will rise 60% to 70% within 30 days. The target price is HK$94, and the rating is “increased.” The report indicates that the company's stock price has recently been excessively revised, and its fundamentals are still stable. The current valuation is equivalent to predicting the ratio of this year's stock price to embedded value about 1 times, which is attractive. Its core financial data has gradually returned to growth since this year. The balance sheet remains strong, contains reliable values, and continues to support book value. According to the report, some investors are worried that the offshore insurance business for mainland Hong Kong customers will be further overhauled, but the impact on this sector is limited. Since Hong Kong regulators aim to standardize the market order, there is no risk of further tightening of capital controls. AIA will announce first-quarter results before the market opens on April 29. The bank expects the value of its new business to increase by about 20%, and profit margins are expected to expand year by year.