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    Leon Qi

    Research Analyst at Daiwa

    Leon Qi is the Head of Asia Financials, FinTech and HealthTech Research at Daiwa Capital Markets Hong Kong Limited, specializing in in-depth equity analysis across the Asian financial, technology, and healthcare sectors. He covers numerous listed companies within these industries, with a track record on TipRanks of a 35.29% success rate across 9 stocks and achieving returns as high as +36.9% on individual recommendations. Having started his career in the finance industry over a decade ago, he advanced through roles in leading research teams before taking on his current leadership position at Daiwa. Qi holds both the CFA and CPA designations, underscoring his professional expertise and commitment to industry standards.

    Leon Qi's questions to PRUDENTIAL (PUK) leadership

    Leon Qi's questions to PRUDENTIAL (PUK) leadership • Q1 2023

    Question

    Asked about the product mix driving future NBP growth, the gap between free surplus and dividend growth targets, and the conditions for considering buybacks or a higher payout.

    Answer

    Management stated the goal is a balanced product mix, using the current high demand for savings products as an opportunity to acquire new customers for future cross-selling of health and protection products. The CFO explained the 7-9% dividend growth is a near-term ('23-'24) policy that accounts for the $1B strategic investment, which will be reported as a variance to operating free surplus. Buybacks are not a priority as they see ample opportunity to deploy capital for high-return organic growth in Asia and Africa.

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