DBS Initiates Coverage on FWD with 'Buy' Rating and HK$50 Target Price

Stock News

Mar 11

DBS issued a research report stating that FWD (01828) is projected to achieve an 18% compound annual growth rate in new business value and contract service margin (CSM) by fiscal years 2026-27, ranking among the top performers in the industry. Recovery in the Thai business, coupled with strong demand in Hong Kong and Japan, is expected to support robust growth in first-year premium income. The brokerage initiated coverage with a 'Buy' rating and a target price of HK$50. The current valuation is only 0.6 times P/[adjusted net worth (ANW) + CSM], which is more attractive compared to the pan-Asian peer average of 1.1 times.

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Recovery in the Thai business, coupled with strong demand in Hong Kong and Japan, is expected to support robust growth in first-year premium income. The brokerage initiated coverage with a 'Buy' rating and a target price of HK$50. The current valuation is only 0.6 times P/[adjusted net worth (ANW) + CSM], which is more attractive compared to the pan-Asian peer average of 1.1 times.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1184","symbol_name":"人寿与健康保险","start_time":0,"source_url":"","article_id":"1116650642","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116650642","pubTimestamp":1773210856,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"DBS issued a research report stating that FWD (01828) is projected to achieve an 18% compound annual growth rate in new business value and contract service margin (CSM) by fiscal years 2026-27,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1184":"人寿与健康保险","01828":"富卫集团"},"translate_title":"星展银行对富卫给予“买入”评级和50港元目标价","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01828":1},"content_text":"DBS issued a research report stating that FWD (01828) is projected to achieve an 18% compound annual growth rate in new business value and contract service margin (CSM) by fiscal years 2026-27, ranking among the top performers in the industry. 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