FAST NEWS: JPMorgan Discloses Major Stake in New Horizon Health

The latest: JPMorgan disclosed it purchased 701,600 shares in medical products maker New Horizon Health Ltd. (6606.HK) on Jan. 19, raising its stake above the 5% threshold that requires it to disclose its holdings. However, the bank reduced its stake by 427,500 shares the next day, bringing its shareholding back below the 5% reporting threshold. Looking up: JPMorgan’s purchase marks a strong vote of confidence in New Horizon,  which issued a positive profit forecast in mid-January saying its revenue last year doubled. Smaller stock buyers will often take their cues…

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