The analyst rating is based on AIA's strong financial performance, with a 7% year-over-year growth in after-tax operating profit and a net profit that exceeded market expectations. Despite potential fluctuations in 2025 due to factors like USD depreciation, the company shows resilience driven by growth in new markets, particularly in Mainland China. The firm projects continued growth in premium business income and new business value profit margins, along with a stable investment business. Additionally, the initiation of a new share repurchase plan is expected to enhance the company's investment appeal.