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Fly News Breaks for May 10, 2018
LFC
May 10, 2018 | 10:40 EDT
As previously reported, Goldman downgraded China Life Insurance to Sell from Neutral. Analyst Thomas Wang believes China Life's push for growth will likely come at the expense of margins and the ongoing agency restructure. The analyst expects top-line growth to trend upward in Q2, but expects investors will be disappointed with management's focus on volume growth at the expense of quality/margins.
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