Prudential PLC, a prominent player in the insurance sector, is experiencing a notable undervaluation of its non-Indian operations, according to CGS International’s latest equity research report. Despite Prudential’s Indian business accounting for only 3% of its new business profits and 6% of net profits in the fiscal year 2024, a substantial 29% of the company’s market capitalisation is tied to its Indian associates. This discrepancy is highlighted in the report dated 21 July 2025.
The report underscores that Prudential’s share price has surged by 58% year-to-date in 2025, yet the market continues to undervalue its operations outside India. CGS International maintains an “Add” rating for Prudential, reiterating its target price of HKD142.00, positioning it as the top pick in its sector.
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