Core Viewpoint - Goldman Sachs expects Prudential (02378) to announce its fiscal year 2025 results on March 19, with projected growth in new business value (NBP) of 10% year-on-year for Q4 and 12% for the full year [1] Group 1: Financial Performance - Goldman Sachs forecasts a strong operating free surplus generation (OFSG) growth of 16% year-on-year in the second half of fiscal year 2025, compared to 14% in the first half [1] - The target price for Prudential has been raised from HKD 136 to HKD 150, maintaining a "Buy" rating [1] - The expected OFSG for the second half of fiscal year 2025 is USD 1.521 billion, which is 16% higher year-on-year and 6% above market consensus [1] Group 2: Regional Performance - Growth in Prudential's Hong Kong and Indonesia operations is expected to slow in Q4 of fiscal year 2025, but this will be partially offset by accelerated growth in mainland China, sequential improvement in Malaysia, and the positive impact of a weaker USD compared to Q4 of 2024 [1] - The overall 12% growth for fiscal year 2025 aligns with the company's double-digit growth target and is in line with Visible Alpha's expected 13% year-on-year growth [1] Group 3: Net Free Surplus Generation - The net free surplus generation (NFSG), after accounting for new business investments and other expenses, is projected to grow at a faster rate of 27% year-on-year [1]