FWD Group (01828) Shareholders Deposit Shares in Wing Lung Bank Worth HK$2.273 Billion

Stock News
09/11

According to the latest data from the Hong Kong Stock Exchange, on September 10, shareholders of FWD Group (01828) deposited shares in Wing Lung Bank with a market value of HK$2.273 billion, representing 3.67% of the company.

Goldman Sachs initiated coverage on FWD Group with a "Buy" rating and a target price of HK$44. The firm forecasts that FWD Insurance will deliver an average embedded value return of 14.3% from this year through 2027, compared to negative 5.4% from 2022 to 2024, primarily driven by operational improvements and economic variations.

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