Prudential - UOB Kay Hian 2026-01-19: On Track To Meet Management’s Full-year Guidance

• Prudential (SGX:K6S) has received net proceeds of US$1.4b from the disposal of IPAMC and announced a special buyback of US$0.7b in 2026. This brings 2026 shareholder return yield to 5%.
• - Read this at SGinvestors.io -
• Maintain BUY with a 2% higher Prudential's target price of HK$138.00.

NetproceedsofUS$1.4bfromIPAMCIPO.

• Prudential has disposed of 14.4% of its stake in ICICI Prudential Asset Management Company (IPAMC) through a combination of a 4.5% pre-IPO private placement to ICICI and other investors, and a 9.91% stake sold via the public offering. As a result, Prudential received total net proceeds of US$1.4b from the divestment, and plans to distribute US$0.7b to shareholders through share buybacks in 2026.
• - Read this at SGinvestors.io -

Increasingvisibilityofshareholderreturns.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2025-03-21 Prudential - Solid 2024 Results; Enhancing Shareholder Returns.

Price targets by other brokers at Prudential Target Prices.

Listing of research reports at Prudential Analyst Reports.

Relevant links:
Prudential Share Price History,
Prudential Announcements,
Prudential Dividend Payout Dates & Corporate Actions,
Prudential News