0712 GMT - AIA's underlying business quality remains intact after its 1H results, says DBS Group Research's Ken Shih in a note. The Hong Kong insurer's Chinese mainland visitor business growth softened on a high base, the analyst notes. AIA management says policies for offshore capital controls and taxation have been in place for a long time but the latter has largely not been a concern for the Chinese mainland visitor segment, he notes. "Overall, the structural demand for currency diversification and superior medical coverage remains intact," he adds. DBS cuts its 2026-2027 new business value projections by 5% to partly reflect high base effects, leading to a lower target price of 106.00 Hong Kong dollars from HK$108.00. DBS maintains its buy rating. Shares rise 2.75% to HK$74.75.