The analyst rating for FWD (01828.HK) is a Buy, based on the expectation of an 18% compound annual growth rate (CAGR) in new business value and contractual service margin during FY26-27. This positions FWD among the industry's leaders. Additionally, the recovery of the Thai business and strong demand in Hong Kong and Japan are expected to support robust growth in FWD's first-year premium income.
