The Zhitong Finance App learned that Goldman Sachs released a research report stating that it lowered the target price of Prudential (02378.HK) by 0.7% from HK$145 to HK$144, with a rating of “buy.” Prudential will announce operating indicators for the first quarter of 2025 before the market opens on April 30. The bank expects new business profit (NBP) growth to exceed the double-digit growth target for FY2025, driven by smooth profit margins in multiple markets. The bank believes that the smooth flow of profit margins and strong growth are basically reflected in stock prices. As a result, despite strong profit growth from the new business, the bank sees a lackluster response as the stock price has risen 27% so far this year. In the short term, the bank believes that valuations are still attractive.

The Zhitong Finance App learned that Goldman Sachs released a research report stating that it lowered the target price of Prudential (02378.HK) by 0.7% from HK$145 to HK$144, with a rating of “buy.” Prudential will announce operating indicators for the first quarter of 2025 before the market opens on April 30. The bank expects new business profit (NBP) growth to exceed the double-digit growth target for FY2025, driven by smooth profit margins in multiple markets. The bank believes that the smooth flow of profit margins and strong growth are basically reflected in stock prices. As a result, despite strong profit growth from the new business, the bank sees a lackluster response as the stock price has risen 27% so far this year. In the short term, the bank believes that valuations are still attractive.