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Fly News Breaks for January 29, 2019
LFC
Jan 29, 2019 | 15:39 EDT
Nomura Instinet analyst Shengo Tang downgraded China Life Insurance to Neutral from Buy and lowered the price target on the shares to HKD 20.71 from HKD 20.95 after China Life announced a profit alert, warning it sees net profit declining 50%-70% year-over-year mainly due to a significant decline in income from its equity investment in the public market.
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