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Morgan Stanley said in the research report that AIA (01299.HK)  -0.400 (-0.964%)    Short selling $26.83M; Ratio 2.426%   's value of new business for the third quarter rose 23% year-on-year to US$468 million, in line with its expectation and slightly above the market consensus. 

The research house believed AIA's diverse business is a key advantage. The company is expected to mainly focus on Citi agreement and M&A activities in the fourth quarter. Moreover, given the surplus capital, AIA is in a favourable position to capture inorganic growth in various regions and exclusive distribution opportunities. An Overweight rating was given.

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