External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>As a leading global player in the life insurance and wealth management industry, Prudential PLC (Pru) re-positioned its business focus exclusively to the emerging markets in Asia and Africa subsequent to the demergers from European and US operations in 2019 and 2021.</li><li>With extensive geographic footprint supported by multi-channel distributions, Pru is poised for capturing sustainable, long-term growth spurred by increasing protection and wealth management demands from the affluent Asian population.</li><li>The long-awaited HK-Mainland border reopening and recovery in the South East Asian (SEA) markets serve as sentiment boosters for the insurer’s new business growth momentum to pick up as entering into 2023.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

As a leading global player in the life insurance and wealth management industry, Prudential PLC (Pru) re-positioned its business focus exclusively to the emerging markets in Asia and Africa subsequent to the demergers from European and US operations in 2019 and 2021.With extensive geographic footprint supported by multi-channel distributions, Pru is poised for capturing sustainable, long-term growth spurred by increasing protection and wealth management demands from the affluent Asian population.The long-awaited HK-Mainland border reopening and recovery in the South East Asian (SEA) markets serve as sentiment boosters for the insurer’s new business growth momentum to pick up as entering into 2023.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prudential PLC (2378 HK) – Asia-focus leading player; border-reopening tailwinds in 2023