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An update from Prudential ( (GB:PRU) ) is now available.
Prudential plc has agreed to acquire an additional 19% stake in Sri Han Suria Sdn. Bhd., the holding company of Prudential Assurance Malaysia Berhad, for RM 1.52 billion (about US$375 million), increasing its ownership to 70% and reinforcing its commitment to Malaysia’s conventional life insurance and takaful market. The deal, already approved by Bank Negara Malaysia and expected to complete shortly, is described as accretive to IFRS earnings per share, embedded value and shareholders’ equity per share on a pro forma basis, and will reduce the share of profit and equity attributed to non-controlling interests in Prudential’s Malaysian segment as Detik Ria’s stake falls from 49% to 30%, while Prudential also agrees to cooperate in any future divestment of Detik Ria’s remaining stake.
The most recent analyst rating on (GB:PRU) stock is a Buy with a £1371.00 price target. To see the full list of analyst forecasts on Prudential stock, see the GB:PRU Stock Forecast page.
Spark’s Take on GB:PRU Stock
According to Spark, TipRanks’ AI Analyst, GB:PRU is a Outperform.
Prudential’s overall stock score is driven by strong earnings performance and strategic corporate actions, including share buybacks and executive share acquisitions. While financial performance shows strengths in profitability and cash flow, revenue volatility and equity declines pose risks. The stock’s technical indicators and valuation suggest potential for growth, supported by strategic investments and market expansions.
To see Spark’s full report on GB:PRU stock, click here.
More about Prudential
Prudential plc is an international financial services group providing life and health insurance and asset management across Greater China, ASEAN, India and Africa. The group focuses on delivering simple and accessible financial and health solutions and is dual-listed in Hong Kong and London, with additional listings in Singapore and New York. Prudential operates through a portfolio of life, health and takaful businesses in key Asian and African growth markets and is included in major regional equity indices and trading programmes.
Average Trading Volume: 5,233,659
Technical Sentiment Signal: Buy
Current Market Cap: £29.51B
For an in-depth examination of PRU stock, go to TipRanks’ Overview page.