PRU Purchases 19% Share in SHS for Approximately USD 375 Million
Acquisition Details: PRU's subsidiary PCHL has acquired 19% of SHS from Detik Ria for MYR1.52 billion (approximately USD375 million), resulting in PCHL and Detik Ria holding 70% and 30% of SHS, respectively.
Detik Ria's Shareholding: Before the acquisition, Detik Ria was a 49% shareholder of SHS, which is the holding company for PRU's conventional life insurance business in Malaysia.
Trade with 70% Backtested Accuracy
Analyst Views on 02378
About the author
Citi Raises Price Target for PRU (02378.HK) to $150, Maintains Buy Rating
Profit Growth Expectations: Citi Research forecasts a 12% year-on-year increase in PRU's FY2025 new business profit, driven by growth in Indonesia, Hong Kong, and mainland China, with stable profit margins.
Operating Profit Projections: The adjusted operating profit for PRU's insurance business is expected to grow by 5% year-on-year, with an anticipated 11% increase in operating profit per share due to share buybacks.
Target Price Adjustments: The target price for PRU's London-listed shares has been raised from GBP11.22 to GBP14.25, while the target price for H-shares increased from $118.1 to $150, maintaining a Buy rating.
Short Selling Data: As of February 2, 2026, PRU has a short selling amount of $133.77K and a ratio of 5.200%.
PRU Purchases 19% Share in SHS for Approximately USD 375 Million
Acquisition Details: PRU's subsidiary PCHL has acquired 19% of SHS from Detik Ria for MYR1.52 billion (approximately USD375 million), resulting in PCHL and Detik Ria holding 70% and 30% of SHS, respectively.
Detik Ria's Shareholding: Before the acquisition, Detik Ria was a 49% shareholder of SHS, which is the holding company for PRU's conventional life insurance business in Malaysia.
PRU Buys Back Approximately 310,000 Shares for About £3.66 Million
Share Repurchase Announcement: PRU (02378.HK) announced the repurchase of approximately 307,900 shares on the London Stock Exchange at prices between GBP11.78 and GBP11.965, totaling GBP3.6627 million.
Total Shares Repurchased: Since the initiation of the repurchase mandate, PRU has bought back around 60.8026 million shares, which accounts for 2.334451% of its total issued shares.
PRU Acquires 323,600 Shares in London for £3.81 Million on Wednesday
Share Repurchase Announcement: On Wednesday, PRU (02378.HK) announced the repurchase of 323,600 shares on the London Stock Exchange for a total of GBP3.81 million, with share prices ranging from GBP11.6 to GBP11.875.
Total Shares Repurchased: Since the approval of the repurchase mandate, PRU has bought back approximately 60.495 million shares, representing about 2.32% of its total issued shares.
Douglas Flint, Former HSBC Chair, Set to Assume Role as PRU Chair at the End of May
Leadership Change: Douglas Flint will be appointed as Non-Executive Director and Chairman-designate of PRU, succeeding Shriti Vadera, who will retire after her six-year term on May 28.
Transition Plan: Flint is expected to join the Board in March to facilitate a smooth transition and will also participate in the Nomination & Governance Committee and the Remuneration Committee.
Background of Douglas Flint: Flint has over 20 years of experience at HSBC, serving as CFO and later as Chairman, and has been the Chairman of Aberdeen Group plc and IP Group plc since 2018.
Market Activity: PRU's short selling activity is reported at $445.39K with a ratio of 3.943%, and DBS has raised the target price for PRU to $138 while maintaining a Buy rating.
PRU Buys Back 330,000 Shares in London Last Friday for £3.8285 Million
Share Repurchase Announcement: PRU (02378.HK) repurchased 330,900 shares on the London Stock Exchange for a total of GBP3.8285 million, with share prices ranging from GBP11.475 to GBP11.63.
Cumulative Repurchases: Since the repurchase authorization, PRU has bought back a total of 59.5322 million shares, accounting for approximately 2.29% of its issued shares.
Citi Raises Price Target for PRU (02378.HK) to $150, Maintains Buy Rating
Profit Growth Expectations: Citi Research forecasts a 12% year-on-year increase in PRU's FY2025 new business profit, driven by growth in Indonesia, Hong Kong, and mainland China, with stable profit margins.
Operating Profit Projections: The adjusted operating profit for PRU's insurance business is expected to grow by 5% year-on-year, with an anticipated 11% increase in operating profit per share due to share buybacks.
Target Price Adjustments: The target price for PRU's London-listed shares has been raised from GBP11.22 to GBP14.25, while the target price for H-shares increased from $118.1 to $150, maintaining a Buy rating.
Short Selling Data: As of February 2, 2026, PRU has a short selling amount of $133.77K and a ratio of 5.200%.
PRU Purchases 19% Share in SHS for Approximately USD 375 Million
Acquisition Details: PRU's subsidiary PCHL has acquired 19% of SHS from Detik Ria for MYR1.52 billion (approximately USD375 million), resulting in PCHL and Detik Ria holding 70% and 30% of SHS, respectively.
Detik Ria's Shareholding: Before the acquisition, Detik Ria was a 49% shareholder of SHS, which is the holding company for PRU's conventional life insurance business in Malaysia.
PRU Buys Back Approximately 310,000 Shares for About £3.66 Million
Share Repurchase Announcement: PRU (02378.HK) announced the repurchase of approximately 307,900 shares on the London Stock Exchange at prices between GBP11.78 and GBP11.965, totaling GBP3.6627 million.
Total Shares Repurchased: Since the initiation of the repurchase mandate, PRU has bought back around 60.8026 million shares, which accounts for 2.334451% of its total issued shares.
PRU Acquires 323,600 Shares in London for £3.81 Million on Wednesday
Share Repurchase Announcement: On Wednesday, PRU (02378.HK) announced the repurchase of 323,600 shares on the London Stock Exchange for a total of GBP3.81 million, with share prices ranging from GBP11.6 to GBP11.875.
Total Shares Repurchased: Since the approval of the repurchase mandate, PRU has bought back approximately 60.495 million shares, representing about 2.32% of its total issued shares.
Douglas Flint, Former HSBC Chair, Set to Assume Role as PRU Chair at the End of May
Leadership Change: Douglas Flint will be appointed as Non-Executive Director and Chairman-designate of PRU, succeeding Shriti Vadera, who will retire after her six-year term on May 28.
Transition Plan: Flint is expected to join the Board in March to facilitate a smooth transition and will also participate in the Nomination & Governance Committee and the Remuneration Committee.
Background of Douglas Flint: Flint has over 20 years of experience at HSBC, serving as CFO and later as Chairman, and has been the Chairman of Aberdeen Group plc and IP Group plc since 2018.
Market Activity: PRU's short selling activity is reported at $445.39K with a ratio of 3.943%, and DBS has raised the target price for PRU to $138 while maintaining a Buy rating.
PRU Buys Back 330,000 Shares in London Last Friday for £3.8285 Million
Share Repurchase Announcement: PRU (02378.HK) repurchased 330,900 shares on the London Stock Exchange for a total of GBP3.8285 million, with share prices ranging from GBP11.475 to GBP11.63.
Cumulative Repurchases: Since the repurchase authorization, PRU has bought back a total of 59.5322 million shares, accounting for approximately 2.29% of its issued shares.
