PRU Aims to Separate JV Asset Management Firm IPAMC for Indian Stock Market Listing
IPO Plans: PRU's Indian joint venture asset management company, IPAMC, has submitted an IPO application to the Securities and Exchange Board of India and other regulatory bodies, with the IPO size dependent on market conditions and approvals.
Equity Sale: PRU's subsidiary, PCHL, plans to sell up to 9.91% of IPAMC's equity share capital and is also considering a private sale of 2% to ICICI Bank Limited, along with a potential pre-IPO placement for select institutional investors.
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Citi Reports: Upcoming Results Season for Chinese Insurers; China Life Anticipated to Top NBV Growth
Earnings Announcement Period: The earnings announcement period for Hong Kong/China insurers for FY2025 will start on March 19, led by AIA, PRU, and ZA ONLINE.
Growth Expectations: Citi Research anticipates strong growth in new business value for Chinese life insurers, with China Life, Ping An, and CPIC expected to lead with growth rates of 38%, 32%, and 28%, respectively.
Earnings Forecast: The broker predicts solid earnings growth for FY2025, with significant increases expected for China Taiping, China Life, and NCI, among others.
Short Selling Data: The report includes short selling data for various insurers, indicating varying levels of short selling activity and ratios across different companies.
G Sachs: Attractive Valuations for PRU/AIA; Recent Share Price Decline Presents Buying Opportunity
Stock Performance: PRU (02378.HK) and AIA (01299.HK) experienced declines of 8% and 4% respectively, influenced by weak sales from MANULIFE-S and concerns over AI disruptions.
Short Selling Data: PRU had short selling of $980.80K with a ratio of 1.625%, while AIA saw significantly higher short selling at $515.96M and a ratio of 11.135%.
Goldman Sachs Outlook: Despite recent declines, Goldman Sachs maintains a positive outlook, reiterating a Buy rating for both PRU and AIA, citing an attractive risk-reward profile at current valuations.
Target Prices: Goldman Sachs has set target prices of HKD96 for AIA and HKD150 for PRU, indicating confidence in their growth potential despite market fluctuations.
JPM Maintains Overweight Rating on AIA/PRU; Strong Outlook for Free Cash Flow Growth
Market Confidence: AIA (01299.HK) is expected to see a rebuild in market confidence due to strong improvements in free surplus and cash flow generation, as highlighted in a JPMorgan report.
Stock Revaluation Potential: JPMorgan suggests that attractive capital returns and free cash flow yield could lead to a revaluation of AIA and PRU (02378.HK) stock prices, particularly with growth momentum in Hong Kong presenting upside risks.
Citi Raises Price Target for PRU (02378.HK) to $150, Maintains Buy Rating
Profit Growth Expectations: Citi Research forecasts a 12% year-on-year increase in PRU's FY2025 new business profit, driven by growth in Indonesia, Hong Kong, and mainland China, with stable profit margins.
Operating Profit Projections: The adjusted operating profit for PRU's insurance business is expected to grow by 5% year-on-year, with an anticipated 11% increase in operating profit per share due to share buybacks.
Target Price Adjustments: The target price for PRU's London-listed shares has been raised from GBP11.22 to GBP14.25, while the target price for H-shares increased from $118.1 to $150, maintaining a Buy rating.
Short Selling Data: As of February 2, 2026, PRU has a short selling amount of $133.77K and a ratio of 5.200%.
PRU Purchases 19% Share in SHS for Approximately USD 375 Million
Acquisition Details: PRU's subsidiary PCHL has acquired 19% of SHS from Detik Ria for MYR1.52 billion (approximately USD375 million), resulting in PCHL and Detik Ria holding 70% and 30% of SHS, respectively.
Detik Ria's Shareholding: Before the acquisition, Detik Ria was a 49% shareholder of SHS, which is the holding company for PRU's conventional life insurance business in Malaysia.
PRU Buys Back Approximately 310,000 Shares for About £3.66 Million
Share Repurchase Announcement: PRU (02378.HK) announced the repurchase of approximately 307,900 shares on the London Stock Exchange at prices between GBP11.78 and GBP11.965, totaling GBP3.6627 million.
Total Shares Repurchased: Since the initiation of the repurchase mandate, PRU has bought back around 60.8026 million shares, which accounts for 2.334451% of its total issued shares.
Citi Reports: Upcoming Results Season for Chinese Insurers; China Life Anticipated to Top NBV Growth
Earnings Announcement Period: The earnings announcement period for Hong Kong/China insurers for FY2025 will start on March 19, led by AIA, PRU, and ZA ONLINE.
Growth Expectations: Citi Research anticipates strong growth in new business value for Chinese life insurers, with China Life, Ping An, and CPIC expected to lead with growth rates of 38%, 32%, and 28%, respectively.
Earnings Forecast: The broker predicts solid earnings growth for FY2025, with significant increases expected for China Taiping, China Life, and NCI, among others.
Short Selling Data: The report includes short selling data for various insurers, indicating varying levels of short selling activity and ratios across different companies.
G Sachs: Attractive Valuations for PRU/AIA; Recent Share Price Decline Presents Buying Opportunity
Stock Performance: PRU (02378.HK) and AIA (01299.HK) experienced declines of 8% and 4% respectively, influenced by weak sales from MANULIFE-S and concerns over AI disruptions.
Short Selling Data: PRU had short selling of $980.80K with a ratio of 1.625%, while AIA saw significantly higher short selling at $515.96M and a ratio of 11.135%.
Goldman Sachs Outlook: Despite recent declines, Goldman Sachs maintains a positive outlook, reiterating a Buy rating for both PRU and AIA, citing an attractive risk-reward profile at current valuations.
Target Prices: Goldman Sachs has set target prices of HKD96 for AIA and HKD150 for PRU, indicating confidence in their growth potential despite market fluctuations.
JPM Maintains Overweight Rating on AIA/PRU; Strong Outlook for Free Cash Flow Growth
Market Confidence: AIA (01299.HK) is expected to see a rebuild in market confidence due to strong improvements in free surplus and cash flow generation, as highlighted in a JPMorgan report.
Stock Revaluation Potential: JPMorgan suggests that attractive capital returns and free cash flow yield could lead to a revaluation of AIA and PRU (02378.HK) stock prices, particularly with growth momentum in Hong Kong presenting upside risks.
Citi Raises Price Target for PRU (02378.HK) to $150, Maintains Buy Rating
Profit Growth Expectations: Citi Research forecasts a 12% year-on-year increase in PRU's FY2025 new business profit, driven by growth in Indonesia, Hong Kong, and mainland China, with stable profit margins.
Operating Profit Projections: The adjusted operating profit for PRU's insurance business is expected to grow by 5% year-on-year, with an anticipated 11% increase in operating profit per share due to share buybacks.
Target Price Adjustments: The target price for PRU's London-listed shares has been raised from GBP11.22 to GBP14.25, while the target price for H-shares increased from $118.1 to $150, maintaining a Buy rating.
Short Selling Data: As of February 2, 2026, PRU has a short selling amount of $133.77K and a ratio of 5.200%.
PRU Purchases 19% Share in SHS for Approximately USD 375 Million
Acquisition Details: PRU's subsidiary PCHL has acquired 19% of SHS from Detik Ria for MYR1.52 billion (approximately USD375 million), resulting in PCHL and Detik Ria holding 70% and 30% of SHS, respectively.
Detik Ria's Shareholding: Before the acquisition, Detik Ria was a 49% shareholder of SHS, which is the holding company for PRU's conventional life insurance business in Malaysia.
PRU Buys Back Approximately 310,000 Shares for About £3.66 Million
Share Repurchase Announcement: PRU (02378.HK) announced the repurchase of approximately 307,900 shares on the London Stock Exchange at prices between GBP11.78 and GBP11.965, totaling GBP3.6627 million.
Total Shares Repurchased: Since the initiation of the repurchase mandate, PRU has bought back around 60.8026 million shares, which accounts for 2.334451% of its total issued shares.
