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Fly News Breaks for May 30, 2019
LFC
May 30, 2019 | 12:02 EDT
JPMorgan analyst Jemmy Huang upgraded China Life Insurance to Overweight from Neutral with a reduced price target of NT$30. The company's fundraising uncertainty has been largely settled after this week's rights issue, Huang tells investors in a research note. The analyst believes the related dilution has been priced in while China Life's underlying operations have been ahead of expectations. Huang sees an attractive risk/reward at current share levels.
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