TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) has provided an update.
China Development Bank Financial Leasing Co., Ltd. has entered into a finance lease arrangement involving the purchase and lease of wind power station equipment in Heilongjiang Province, China. The transaction, valued at RMB1.5 billion, is considered a discloseable transaction under Hong Kong listing rules, indicating its significance to the company’s operations and market positioning.
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. operates in the financial leasing industry, focusing on providing finance lease arrangements. The company is not an authorized banking institution in Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority.
Average Trading Volume: 8,130,288
Technical Sentiment Signal: Buy
Current Market Cap: HK$22B
Find detailed analytics on 1606 stock on TipRanks’ Stock Analysis page.