Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Chengdu Putian Telecommunications Cable Co., Ltd. Class H ( (HK:1202) ) has issued an announcement.
Chengdu SIWI Science and Technology Company Limited plans to use its reserves to offset accumulated losses of RMB272 million, reducing them to zero. This financial maneuver aims to enhance investor returns and support the company’s high-quality development, pending shareholder approval at the upcoming general meeting.
The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.
More about Chengdu Putian Telecommunications Cable Co., Ltd. Class H
Chengdu SIWI Science and Technology Company Limited operates in the optical communications industry, focusing on business transformation and product iterations. The company has faced challenges in profitability and capitalizing on industry opportunities.
Average Trading Volume: 113,920
Technical Sentiment Signal: Buy
Current Market Cap: HK$356M
For a thorough assessment of 1202 stock, go to TipRanks’ Stock Analysis page.