Group 1 - The company Prudential (02378) announced a share buyback plan, intending to repurchase approximately 322,100 shares at a cost of about £3.7963 million [1]

Group 1 - The company Prudential (02378) announced a share buyback plan, intending to repurchase approximately 322,100 shares at a cost of about £3.7963 million [1]

Group 1 - The company Prudential (02378.HK) announced a share buyback on January 22, 2026, spending £3.7963 million to repurchase 322,100 shares [1] - The buyback price per share ranged from £11.705 to £11.88 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： Prudential plc 保誠有限公司* (* 僅供識別) 呈交日期： 2026年1月23日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02378 | 說明 | 普通股每股0.05英鎊 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | ...

Group 1 - The core viewpoint of the report is that Prudential (02378) is currently trading at 1.0x/0.8x 26e/27e P/EV, and the company maintains an outperform rating based on the positive impact of its joint venture in India on profitability [1] - The company announced that its joint venture with ICICI Bank, ICICI Prudential Asset Management Company Limited, completed its IPO on the National Stock Exchange of India, raising approximately $1.4 billion, which will be used to enhance shareholder returns [2] - A new stock buyback plan of $1.2 billion was announced, expected to be completed by December 18, 2026, with about $700 million coming from the IPO proceeds, continuing the previous $2 billion buyback plan [3] Group 2 - The company will have a new independent chairman, Sir Douglas Flint, starting May 2026, who has extensive experience in wealth management and asset management, suggesting a potential shift in strategic direction and financial goals [4] - The company reported a 13% year-on-year increase in new business profit (NBP) for the first nine months of 2025 at constant exchange rates, with double-digit growth in Hong Kong and mainland China business in Q3 2025, indicating a strong growth outlook for the mainland insurance market [5]

Group 1 - The core viewpoint of the report is that Prudential (02378) is currently trading at 1.0x/0.8x 26e/27e P/EV, and the firm maintains an outperform rating based on the positive impact of the IPO of its joint venture in India on earnings [1] - The company announced that its joint venture with ICICI Bank, ICICI Prudential Asset Management Company Limited, completed its IPO on the National Stock Exchange of India, raising approximately $1.4 billion, which will be used to enhance shareholder returns [2] - A new stock buyback plan of $1.2 billion was announced, expected to be completed by December 18, 2026, with about $700 million coming from the IPO proceeds, continuing the previous $2 billion buyback plan completed in 2025 [3] Group 2 - The company is set to have a new independent chairman, Sir Douglas Flint, starting in May 2026, who has extensive experience in wealth management and asset management, suggesting a potential shift in strategic direction and financial goals [4] - The company reported a 13% year-on-year increase in new business profit (NBP) for the first nine months of 2025 at constant exchange rates, with double-digit growth in both Hong Kong and mainland China businesses in Q3 2025, indicating a strong growth outlook for the mainland insurance market [5]

新单保费增速不及预期；美债利率和资本市场大幅波动；海外金融风险事件。 关注董事会独立主席换届后的战略方向。公司此前公告DouglasFlint爵士将于2026 年5 月接任公司非执 行董事和董事会主席，其曾担任汇丰集团、Aberdeen Group plc和IP Group plc主席，在财富管理、资产 管理等领域均有丰富经验，建议关注其上任后的战略方向、财务目标及投资者预期的可能变化。 重申看好中国大陆业务发展。公司9M25 新业务利润（NBP）在固定汇率（CER）下同比+13%，其中 3Q25 中国香港、中国大陆业务NBP均录得两位数增长。我们重申此前判断，中国大陆保险业正迈入黄 金发展期，在"存款搬家"和客群升级背景下，公司中国大陆业务有望继续维持较快增长。 盈利预测与估值 保诚当前交易于1.0x/0.8x 26e/27e P/EV。我们维持公司跑赢行业评级不变，基于印度合资公司上市对盈 利影响，我们上调公司25e EPS 1.8%至1.06 美元；我们看好公司中国大陆业务发展和新任董事会主席给 公司未来经营带来的积极变化，上调公司26eEPS 9.5%至1.24 美元，首次引入27e EPS 1.44 ...

Core Viewpoint - The AI Fund, CITIC Prudential State-Owned Enterprise Dividend Quantitative Stock A, reported a profit of 132,700 yuan for Q4 2025, with a weighted average profit per fund share of 0.0284 yuan, and a net asset value growth rate of 1.97% during the reporting period [3]. Fund Performance - As of January 21, the fund's unit net value was 1.091 yuan, with a fund size of 4.8765 million yuan [3][18]. - The fund's performance over the past three months showed a return of -2.22%, ranking 115 out of 121 comparable funds; over the past six months, it returned -1.66%, ranking 117 out of 121; and over the past year, it achieved a return of 6.31%, ranking 115 out of 119 [4]. Investment Strategy - The fund maintained a high stock position during the reporting period, focusing on investment opportunities in high-dividend state-owned enterprises, and employed a quantitative stock selection model to strive for long-term returns exceeding the performance benchmark [3]. Risk Metrics - The fund's Sharpe ratio since inception is 0.5564, indicating a moderate risk-adjusted return [9]. - The maximum drawdown since inception is 12.44%, with the largest quarterly drawdown occurring in Q2 2025 at 6.09% [13]. Portfolio Composition - The average stock position since inception has been 88.66%, slightly above the peer average of 88.34%. The fund reached a peak stock position of 90.27% at the end of 2025, with a low of 83.8% at the end of Q3 2024 [16]. - As of Q4 2025, the top ten holdings of the fund include China Shenhua, Hengyuan Coal Power, China Construction Bank, Bank of Communications, Changsha Bank, Industrial and Commercial Bank of China, Jiangsu Jinzhong, Bohai Ferry, Jianfa Co., and Sheneng Co. [21].

Core Insights - The AI Fund, CITIC Prudential Dividend Navigation Quantitative Stock A (021983), reported a profit of 263,500 yuan for Q4 2025, with a weighted average profit per fund share of 0.0391 yuan. The fund's net value growth rate for the reporting period was 2.24%, and the fund size reached 5.9149 million yuan by the end of Q4 2025 [3][14]. Fund Performance - As of January 21, the fund's unit net value was 1.034 yuan. Over the past year, the fund achieved a net value growth rate of 5.41%, ranking 12th out of 13 comparable funds [3][4]. - The fund's performance over the last three months showed a net value growth rate of -0.87%, and over the last six months, it was -0.89%, both ranking 12th out of 13 in its category [4]. Investment Strategy - The fund maintains a high stock position, focusing on investment opportunities related to dividend themes. It employs a quantitative stock selection model to strive for long-term returns that exceed the performance benchmark [3]. Risk Metrics - The fund's maximum drawdown since inception is 7.02%, with the largest quarterly drawdown occurring in Q3 2025 at 5.5% [9]. Portfolio Composition - The average stock position since inception is 89.85%, slightly above the category average of 89.51%. The fund reached its highest stock position of 90.91% at the end of Q1 2025 and its lowest of 89.38% at the end of 2025 [13]. - As of Q4 2025, the top ten holdings of the fund include China Shenhua, Hengyuan Coal Power, Jizhong Energy, and several major banks [17].

执行总裁Anil Wadhwani(华康尧)表示："保诚服务马来西亚家庭已逾一个世纪，建立起深受信赖的人寿 及健康保险业务，并支持该国的长期保障及储蓄需求。是次增持PAMB的股权，彰显我们对马来西亚的 深切承诺，以及我们对其前景的信心。" "我们将继续专注于落实我们的策略，并透过高度纪律性的资本分配框架支持，确保我们持续为马来西 亚各地的客户及社区创造长期价值。" SHS为拥有Prudential Assurance Malaysia Berhad(PAMB)的控股公司。PAMB为保诚于马来西亚的传统人 寿保险业务，该业务与其于Prudential BSN Takaful Berhad的伊斯兰保险业务中的权益，共同呈报为保诚 的马来西亚人寿保险分部。 交易完成后，倘DR决定将其于SHS的剩余30%股权出售予一名或多名经双方同意的第三方，PCHL同意 就该等出售事宜配合DR。 保诚(02378)公布，公司全资附属公司PCHL已同意向Detik Ria Sdn.Bhd.(DR)收购SHS额外19%的股权， 代价约为15.2亿马币(约3.75亿美元)，于完成后，保诚的合共持股比例将增至70%。本次交易已获得马来 西 ...