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Fly News Breaks for January 7, 2020
OCFT
Jan 7, 2020 | 07:22 EDT
BofA analyst Emerson Chan initiated coverage of OneConnect with a Buy rating and $18 price target. The analyst expects 57% revenue CAGR in FY19-22 driven by contribution from the Ping An Group, increased number of premium customers on upselling, and rising net expansion rate of premium customers on cross selling, new product launch and growth in Lufax.
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