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China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) just unveiled an update.
China Development Bank Financial Leasing Co., Ltd. announced that its subsidiary, CDB Aviation, has received approximately US$140 million in insurance settlements for aircraft detained in Russia. This settlement was achieved in compliance with all relevant laws and regulations, and it reflects the company’s effective management of its leasing operations, potentially impacting its financial stability and stakeholder confidence.
The most recent analyst rating on (HK:1606) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on China Development Bank Financial Leasing Co Ltd Class H stock, see the HK:1606 Stock Forecast page.
More about China Development Bank Financial Leasing Co Ltd Class H
China Development Bank Financial Leasing Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company, along with its subsidiaries, operates in the financial leasing industry, focusing on leasing aircraft and other assets. It is not authorized to carry on banking or deposit-taking business in Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority.
Average Trading Volume: 15,770,979
Technical Sentiment Signal: Buy
Current Market Cap: HK$21.87B
For a thorough assessment of 1606 stock, go to TipRanks’ Stock Analysis page.