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China Taiping Stock News

21-04-2015

 

A number of largest banks recently raised target price of China Taiping (HK00966). Credit Suisse raised the target price to HKD 40 per share. Bank of America Merrill Lynch reported China Taiping 2014 results were better-than-expected as China Taiping was the best performing stock among other mainland domiciled insurance companies listed in Hong Kong and the market and investors remain optimistic.

 

The closing price on the 17th April was HKD 33 per share, which meant China Taiping market cap reached HKD 102.5 billion (GBP 8.69 billion).