Prudential PLC's share price has fallen over 10% due to concerns about China's Decree 837, which affects insurance sales to Mainland Chinese visitors in Hong Kong. JPMorgan rates Prudential as Overweight, arguing that the market has already priced in the worst-case regulatory scenario. The key uncertainty is whether investment-linked insurance products are impacted, but JPMorgan believes clarification could be positive. Even under a bearish outlook, the shares appear undervalued, with potential mitigating actions by management overlooked by the market.
Perseus Mining has increased its on-market share buy-back program from AUD100 million to AUD150 million after reaching the initial target. The company has repurchased over 45 million shares since August 2024, reflecting confidence in its strong cash ...
Prudential's shares increased by 4% after UBS stated that the insurer's recent sell-off reflects a worst-case scenario regarding Chinese money flow restrictions into Hong Kong insurance products. The stock had fallen about 19% since new Chinese regul...
