- Revival in HongKong's Mainland Chinese Visitors (MCV) market segment to drive new business profit (NBP) growth of 16% and 19% y-o-y for Prudential in FY23 and FY24 respectively.
- Expect China business to experience solid growth supported by strong bancassurance channel.
- - Read this at SGinvestors.io -
Prudential – Investment Thesis
Well positioned to capture structural life insurance opportunities in fast-growing Asia market.
- After the spinoff of its UK/US businesses, Prudential (SGX:K6S) turned to purely focus on the fast-growing life insurance market in pan Asia. Prudential’s top 3 market position in most of the larger market in pan-Asia enables the insurer to capture the structural life insurance opportunities in the years to come.
Multi-channel distribution strategy to drive multi-year new business profit (NBP) growth.
- - Read this at SGinvestors.io -
- We believe its multi-channel strategy enables Prudential to boost strong growth momentum as entering into 2023.
Growth momentum will reaccelerate with new business profit (NBP) growth of 16%/19% in FY23F/FY24F.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Ken SHIH DBS Group Research | Iris GAO DBS Research | https://www.dbs.com/insightsdirect/ 2023-02-13
Read also DBS's most recent report:
2024-03-22 Prudential - Firm Growth Momentum Ahead.
Previous report by DBS:
2023-11-10 Prudential - Hong Kong Market To Drive Growth.
Price targets by 3 other brokers at Prudential Target Prices.
Listing of research reports at Prudential Analyst Reports.
Relevant links:
Prudential Share Price History,
Prudential Announcements,
Prudential Dividends & Corporate Actions,
Prudential News Articles
