Prudential's new business profit to rise 8% in Q3, Asia growth offsets China weakness, says Citi

Citi forecasts Prudential PLC's new business profit to increase by 8% to $762 million in Q3 2026, driven by strong growth in Malaysia, Singapore, Hong Kong, and other Asian markets. This growth is expected to offset declines in mainland China and Indonesia, where regulatory changes and competitive pressures have reduced profits. Malaysia is projected to see a 35% profit rise, while Singapore and Hong Kong are expected to grow by 10% and 9%, respectively. Investors will watch Prudential's upcoming Q3 results on November 5 to see if regional diversification can sustain overall growth despite challenges in China and Indonesia.

Prudential Financial Inc (PRU) is trading at USD 115.10 on Pluang as of Oct 21, 2026 19:31 WIB, down slightly by 0.15% for the day. This price is closer to its 52-week high of USD 125.13 than its low of USD 92.00, indicating relative strength despite mixed regional profit outlooks. The stock offers a dividend yield of 4.86%, which may appeal to investors looking for income amid the company's forecasted profit growth in Asian markets.