CLSA lowers China Overseas 01-03 earnings forecasts by 14%-19%

CLSA Emerging Markets said it cut its earnings forecasts on China Overseas Land & Investment Ltd. (0688) for 2001-2003 by 14-19 percent to reflect the one-off provision/lower property earnings from the group's diminishing property portfolio in Hong Kong. It retained its Buy rating on the stock with a 12-

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