HK Stock Market Move | FWD (01828) rises over 3%; share price has rebounded significantly since the announcement of interim results; JP Morgan raises the company's new business value forecast.

FWD (01828) rose over 3%, up 3.35% as of press time, at HK$35.82, with a turnover of HK$13.3385 million. On the news front, JP Morgan noted in a research report that it forecasts FWD's new business value for the 2027 fiscal year at US$1.221 billion, up 11% year-on-year; operating profit at US$761 million, up 19% year-on-year. The bank raised its forecasts for the company's new business value (NBV), operating profit (OPAT), contractual service margin, and net free surplus generation, reflecting stronger execution, though partly offset by higher risk-free rates and year-to-date local currency movements against the US dollar. JP Morgan stated that FWD has rebounded significantly since the announcement of its 2026 interim results, rising 17%, while the Hang Seng Index fell 3%. JP Morgan expects the company's upward momentum to remain positive, driven by steady trends in the Hong Kong market, diversified offshore business (with growing contribution from non-Mainland Chinese visitors), the gradual recovery of the Thai economy in the second half of 2026, and continued growth momentum in the Japanese market amid rising bond yields.