FWD Pre-IPO - PHIP Updates - Growth Slowing, Metrics Evolution Continues
FWD Group Holdings (FWD HK), a pan-Asian life insurer founded by Richard Li, now aims to raise around US$500m in its HK IPO. In this note, we look...
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Two Asian Life Insurance Stocks (Both Up >30% YTD) Worth Closer Looks
After years of underperformance, China Life and Prudential are finally recovering. China Life's agency restructuring is bearing fruit while...
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FWD IPO: What Are We Buying?
As FWD's scale still lags behind both AIA and Prudential and its growth rate was also merely in line with them, we struggle to develop the...
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Seoul Guarantee Insurance IPO Trading - KDIC Stake Overhang Remains, Yield Might Help
Seoul Guarantee Insurance (031210 KS) raised around US$125m in its Korean IPO. In this note, we talk about the trading dymanics.
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Seoul Guarantee Insurance Pre-IPO Updated Thoughts on Valuation - Weaker Performance than Expected
Seoul Guarantee Insurance (031210 KS) is looking to raise around US$155m in its Korean IPO. In this note, we discuss its recent financials, and...
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