Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from BOCOM International Holdings Co. Ltd. ( (HK:3329) ) is now available.
BOCOM International’s wholly owned subsidiary Preferred Investment has acquired US$20 million of Nordic Investment Bank notes on the over-the-counter market, using internal resources to fund the purchase. The notes, to be listed on Nasdaq OMX Helsinki, were bought from Jefferies International, an independent U.K. broker-dealer.
The transaction, classified as a discloseable deal under Hong Kong listing rules, represents less than 25% but more than 5% of BOCOM International’s size thresholds. Management says the move is part of the group’s ordinary course of business and is intended to provide a long-term investment that delivers stable returns while efficiently deploying the firm’s capital with what it views as a commensurate level of risk.
The most recent analyst rating on (HK:3329) stock is a Sell with a HK$6.21 price target. To see the full list of analyst forecasts on BOCOM International Holdings Co. Ltd. stock, see the HK:3329 Stock Forecast page.
More about BOCOM International Holdings Co. Ltd.
BOCOM International Holdings Company Limited, listed in Hong Kong, operates as an investment holding company with a focus on financial services. Through its subsidiaries, the group engages in securities brokerage, margin financing, corporate finance and underwriting, investment and loans, as well as asset management and advisory, targeting capital markets and institutional and individual investors.
YTD Price Performance: 35.71%
Average Trading Volume: 1,738,071
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.3B
See more insights into 3329 stock on TipRanks’ Stock Analysis page.