Prudential PLC Should Report Strong 2H 2024 Result -- Market Talk

Dow Jones

Feb 12

0405 GMT - Prudential PLC should report a strong 2H 2024, supported by the Hong Kong and mainland China segments, CGS International analysts Michael Chang and Laura Li Zhiyi say in a note. They project 2024 growth in new business profit, excluding economic impacts, at 14%, accelerating from 9% for the first nine months. The Hong Kong segment was likely helped by agent recruitment spurring faster premium growth, while the China segment was supported by low-base effects, they say. CGS International raises its target to HK$128.0 from HK$116.0 after rolling forward its valuation multiples to 2025 estimates. It maintains an add rating on Prudential due to expectations of strong insurance demand. Shares are up 1.6% at HK$65.95. (hoishan.chan@wsj.com)

(END) Dow Jones Newswires

February 11, 2025 23:05 ET (04:05 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2510313887"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2510313887\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2510313887?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-12 12:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2510313887","market":"other","top_or_hot":-1,"title":"Prudential PLC Should Report Strong 2H 2024 Result -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0405 GMT - Prudential PLC should report a strong 2H 2024, supported by the Hong Kong and mainland China segments, CGS International analysts Michael Chang and Laura Li Zhiyi say in a note. They project 2024 growth in new business profit, excluding economic impacts, at 14%, accelerating from 9% for the first nine months. The Hong Kong segment was likely helped by agent recruitment spurring faster premium growth, while the China segment was supported by low-base effects, they say. CGS International raises its target to HK$128.0 from HK$116.0 after rolling forward its valuation multiples to 2025 estimates. It maintains an add rating on Prudential due to expectations of strong insurance demand. Shares are up 1.6% at HK$65.95. (hoishan.chan@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 11, 2025 23:05 ET (04:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prudential PLC Should Report Strong 2H 2024 Result -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrudential PLC Should Report Strong 2H 2024 Result -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-12 12:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0405 GMT - Prudential PLC should report a strong 2H 2024, supported by the Hong Kong and mainland China segments, CGS International analysts Michael Chang and Laura Li Zhiyi say in a note. They project 2024 growth in new business profit, excluding economic impacts, at 14%, accelerating from 9% for the first nine months. The Hong Kong segment was likely helped by agent recruitment spurring faster premium growth, while the China segment was supported by low-base effects, they say. CGS International raises its target to HK$128.0 from HK$116.0 after rolling forward its valuation multiples to 2025 estimates. It maintains an add rating on Prudential due to expectations of strong insurance demand. Shares are up 1.6% at HK$65.95. (hoishan.chan@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 11, 2025 23:05 ET (04:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0048597586.USD","symbol_name":"富达亚洲焦点A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510313887","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510313887","pubTimestamp":1739333100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0405 GMT - Prudential PLC should report a strong 2H 2024, supported by the Hong Kong and mainland China segments, CGS International analysts Michael Chang and Laura Li Zhiyi say in a note. They project 2024 growth in new business profit, excluding economic impacts, at 14%, accelerating from 9% for the first nine months. The Hong Kong segment was likely helped by agent recruitment spurring faster premium growth, while the China segment was supported by low-base effects, they say. CGS International raises its target to HK$128.0 from HK$116.0 after rolling forward its valuation multiples to 2025 estimates. It maintains an add rating on Prudential due to expectations of strong insurance demand. Shares are up 1.6% at HK$65.95. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0048597586.USD":"富达亚洲焦点A","BK6521":"保险股","BK1184":"人寿与健康保险","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","PUK":"英国保诚","BK6074":"人寿与健康保险","K6S.SI":"英国保诚","BK4162":"人寿与健康保险","02378":"保诚"},"translate_title":"保诚集团应报告2024年下半年强劲业绩——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02378":0.9,"K6S.SI":0.9,"PUK":0.9},"content_text":"0405 GMT - Prudential PLC should report a strong 2H 2024, supported by the Hong Kong and mainland China segments, CGS International analysts Michael Chang and Laura Li Zhiyi say in a note. They project 2024 growth in new business profit, excluding economic impacts, at 14%, accelerating from 9% for the first nine months. The Hong Kong segment was likely helped by agent recruitment spurring faster premium growth, while the China segment was supported by low-base effects, they say. CGS International raises its target to HK$128.0 from HK$116.0 after rolling forward its valuation multiples to 2025 estimates. It maintains an add rating on Prudential due to expectations of strong insurance demand. Shares are up 1.6% at HK$65.95. (hoishan.chan@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 11, 2025 23:05 ET (04:05 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}