WHAT DO YOU MAKE OF PRUDENTIAL’S FIVE-MONTH TRADING UPDATE?
BARRIE CORNES | PANMURE GORDON
“Sales in April and May have improved from an already impressive first quarter, driven by record Asian sales. Management trust may take time to restore but the business at least remains on track. Buy.”
TOBY LANGLEY | SANFORD C BERNSTEIN
“The numbers were certainly encouraging and serve as a reminder that Pru’s existing Asian business continues to provide investors with growth few life companies can match. We anticipate increasing focus on the region.”
EAMONN FLANAGAN | SHORE CAPITAL
“It was a clever idea to stick out five-month new business numbers and the message was that April and May were even better than the run rate we saw in the first three months of the year, particularly in Asia.”