The Zhitong Finance App learned that BOC International released a research report stating that it maintains AIA's (01299) “buy” rating, and considering that the market valuation has declined, the target price will be reduced by 18% from HK$103 to HK$84 based on 1.7 times PEV in 2024. AIA has a diverse product and regional structure, new business value growth is continuous, and the company focuses on providing sustainable shareholder returns. The value of AIA's new business maintained strong growth momentum in the first quarter of 2024, with a year-on-year increase of 31%. Growth in the Hong Kong and Mainland markets is expected to continue.