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<Research>DBS Initiates Coverage on FWD with Rating Buy & TP HKD50
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FWD (01828.HK) is expected to achieve an 18% CAGR in new business value and contractual service margin during FY26-27, positioning it among the industry's leaders, according to a DBS report. The recovery of the Thai business, along with strong demand in Hong Kong and Japan, will support robust growth in FWD's first-year premium income. DBS has initiated coverage on FWD with a Buy rating and a target price of HKD50. AAStocks Financial News |
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