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AIA Group downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst MW Kim downgraded AIA Group to Neutral from Overweight with a price target of HK$93, down from HK$106. The analyst does not anticipate seeing double-digit electric vehicle growth again until 2025 at earliest and says the company’s product margin appears to have peaked in 2019.

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Published first on TheFly

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