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Fly News Breaks for January 8, 2018
LFC
Jan 8, 2018 | 08:53 EDT
Bernstein analyst Linda Sun-Mattison upgraded China Life Insurance to Outperform from Market Perform following the expensive cash injection into China Unicom. The analyst notes that given the recent underperformance relative to the Chinese life names, China Life now offers more compelling valuation. Further, the improvement in distribution channel and product margin and an increase in investment return should improve both sales and earnings, she contends.
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