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Prudential: Solid Credit But China Weakness May Pressure Peer Credits

FINANCIALS

Prudential (PRU LN) 2H23 results look solid but growth indicators in China are weak which may pressure the credit of AIA, HSBC and StanChart today. The size of China CRE is sized here (USD1.2bn direct) without giving indications of its performance recently.


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Prudential (PRU LN) 2H23 results look solid but growth indicators in China are weak which may pressure the credit of AIA, HSBC and StanChart today. The size of China CRE is sized here (USD1.2bn direct) without giving indications of its performance recently.


Keep reading...Show less