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The latest announcement is out from China Communications Services ( (HK:0552) ).
China Communications Services Corporation Limited has announced a proposal to grant a general mandate to its Board of Directors to repurchase up to 10% of its issued H shares. This move is aimed at enhancing shareholder returns and boosting investor confidence by potentially increasing earnings per share. The proposal is subject to approval at upcoming shareholders’ meetings, and the company emphasizes the importance of cautious investment decisions.
The most recent analyst rating on (HK:0552) stock is a Buy with a HK$5.00 price target. To see the full list of analyst forecasts on China Communications Services stock, see the HK:0552 Stock Forecast page.
More about China Communications Services
China Communications Services Corporation Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the telecommunications industry, providing a range of services including telecommunications infrastructure services, business process outsourcing services, and applications, content, and other services. The company primarily focuses on enhancing shareholder value and boosting investor confidence.
Average Trading Volume: 8,840,614
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$32.48B
For detailed information about 0552 stock, go to TipRanks’ Stock Analysis page.