- We met with Prudential's management for a quick update. Overall, we expect business momentum to be moderate at the start of the year with its growth profile differing by market.
- - Read this at SGinvestors.io -
- The Singapore market expects some margin upside, despite a slowdown in volume growth due to a shift in product mix from investment-linked to participating products.
- Mild headwinds may remain for Malaysia, Vietnam, and Thailand, which may likely persist till 1H25, with a better outlook anticipated for 2H.
Mid-to-high single-digit NBP growth from CPL in FY25F.
- Management gave a mid-to-high digit NBP growth guidance for Citic Prudential Life (CPL) in FY25F, and we believe it is well on track, with the product transition from non-participating to participating products expected to continue. This is likely to result in modest volume growth, while margins are expected to see slight downside.
- - Read this at SGinvestors.io -
Enhancing shareholder return a key focus.
- Read more at SGinvestors.io.
