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Fly News Breaks for August 17, 2017
CHU, LFC
Aug 17, 2017 | 08:26 EDT
As noted earlier, Bernstein downgraded China Life Insurance (LFC) to Market Perform from Outperform. Analyst Linda Sun-Mattison downgraded the stock after the company agreed to invest RMB22B in China Unicom (CHU). The analyst estimates that the deal will be about 3% dilutive to China Life shareholders.
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