Prudential shares have disconnected from their fundamentals and look good value

Prudential is being tarred with the same brush as other companies operating predominately in Asia.

Prudential's share price is down 20% since the beginning of 2023, not because of poor underlying performance but because investors have built in a discount because of where they operate.

China has been a major source of investor angst in 2023. Consistently bad economic data releases and underwhelming stimulative measures by the authorities have led to sharp declines in London-listed China-...