The analyst rating for AIA (01299.HK) from UBS is a "Buy" due to several factors. Despite a recent stock price decline attributed to profit-taking after the company's strong performance, UBS believes that AIA's 2025 results are expected to be solid, indicating a positive medium to long-term outlook. The report highlights growth opportunities stemming from the migration of deposits from mainland China and AIA's strong distribution capabilities, particularly in targeting middle-class and affluent clients. Additionally, AIA's focus on protection products positions it well to benefit from these opportunities. UBS has set a target price of $106 for the stock.