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Goldman Sachs is cautious on Chinese tech behemoth Tencent Holdings , removing it from its Asia-Pacific "conviction list" of top picks. Goldman also removed Japan's Sumitomo Mitsui Financial Group and China's Sungrow Power Supply from its Asia conviction list for January, and added Kotobuki Spirits , JD.com and Iluka Resources . The stocks are featured in the investment bank's "Conviction List - Directors' Cut," which it says offers a "curated and active" list of buy-rated stocks. JD.com Goldman also added Chinese e-commerce player JD.com to its list, citing factors such as a growth pick-up and "significant room for further valuation re-rating." Goldman has a target price of 7.7 Australian dollars ($4.79) on the stock, implying nearly 50% upside potential.
Persons: Goldman Sachs, Goldman, Norihiro Miyazaki, JD.com Goldman, JD.com, Ronald Keung, Paul Yong, — CNBC's Michael Bloom Organizations: U.S . Department, National Defense, Sumitomo Mitsui Financial Group, Iluka Resources, Fukuoka Airport, Kansai International Airport, Tokyo Stock Exchange, Hong Kong Exchange, Hong, Resources, Australian Securities Exchange Locations: Asia, Pacific, Iluka, Japan, Kansai, U.S, Hong Kong
A Japan Airlines flight was turned back after missing a curfew, per a Japanese newspaper. Fukuoka Airport does not allow flights to land after 10 p.m. due to noise concerns. The flight, JL331 by Japan Airlines, was turned back just outside Fukuoka Airport on Sunday February 19 after just missing the curfew for landing, The Asahi Shimbun reported. A Japan Airlines flight was turned back. In an email to Insider, Japan Airlines said it covered cab fares and hotels for everyone on board.
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