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Fly News Breaks for January 15, 2020
CHVKF
Jan 15, 2020 | 05:58 EDT
Goldman Sachs analyst Yi Wang downgraded China Vanke to Sell from Neutral with a Rmb 29.2 price target. The analyst believes it will take "many years" for the company's new lines of business, such as rental housing, logistics and commercial operations, to replace lost earnings in its core development business.
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