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