March 19, 2024 13:15 GMT
Prudential Plc Results 20-Mar: Insight to China and CRE Markets
FINANCIALS
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Prudential plc 4Q23 results due 20-Mar, not a EUR issuer but a significant investor, including CRE and operates largely across Asia and Africa, including China.
- Another set of results of tangential interest but PRUFIN is a bellwether for global insurers, especially those with businesses in Asia. AIA results last week (14-Mar) showed few negatives across its Greater China business. PRUFIN’s last trading update (6-Nov) was similar but with overall group AuMs lower q/q.
- The obvious peers with similar exposures are HSBC, Standard Chartered, AIA and the local companies, few of which have EUR credit outstanding.
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