UBS: Maintains a "buy" rating on FWD Group (01299), the market seems to have largely priced in the worst-case scenario.

Zh tng cijng APP hu xn, ru yn fb ynbo chng, mqin shchng sh y hn d chngd shng fnyngle d 837 ho flng du nid fngk (MCV) boxin yw yngxing de zu hui qngkung, j hush wili nid fngk xn yw jizh (VNB) wi lng. Gi hng rnwi, zhyo jinggun jigu bng fi qunmin jnzh nid fngk xn yw, Yubng boxin (01299) de gji bin jbi shngxng qunl, mqin de dnyu xind gud. Gi hng chng shn Yubng boxin "mir" pngj, mbiojia wich 104 gngyun bbin.