Ken Shih, an analyst from DBS, maintained the Buy rating on Prudential. The associated price target is HK$138.00.
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Ken Shih has given his Buy rating due to a combination of factors including Prudential’s stronger‑than‑expected FY25 performance and accelerating growth profile. New business profit, operating profit after tax, and operating free surplus all increased at double-digit rates, while the dividend was raised more than anticipated, signalling both earnings strength and management’s confidence in cash generation.
He also highlights robust expansion in key Asian markets, with particularly strong contributions from Mainland China, Hong Kong, and Indonesia, driven by rapid bancassurance growth and margin improvement. In addition, the steady rise in contractual service margin and embedded value, together with explicit guidance for continued double‑digit growth, sizeable share buybacks, and capital returns into 2026–2027, underpins his view that the stock offers an attractive risk‑reward at current levels, justifying a Buy recommendation.
Shih covers the Financial sector, focusing on stocks such as FWD Group Holdings Limited, Manulife Financial, and Prudential. According to TipRanks, Shih has an average return of 24.8% and a 78.23% success rate on recommended stocks.
In another report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a HK$150.00 price target.