[ET Net News Agency, 26 August 2021] Credit Suisse lowered its target price for China
Taiping (00966) to HK$18 from HK$21 and maintained its "outperform" rating.
The research house said the key risks to the target price and rating include (1) agency
over-expansion, (2) a weak VNB trend, (3) aggressive overseas expansion, and (4) macro
headwinds. (RC)