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The latest update is out from China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ).
China Development Bank Financial Leasing Co., Ltd. announced a finance lease transaction with Ningxia Baofeng Photovoltaic Power Generation Co., Ltd., involving the purchase and leaseback of power generation facilities valued at RMB1.6 billion. This transaction, classified as a discloseable transaction under Hong Kong’s Listing Rules, signifies a strategic move to enhance the company’s portfolio in the renewable energy sector, potentially strengthening its market position and offering long-term financial benefits.
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, providing leasing services primarily in the People’s Republic of China. The company is not authorized to conduct banking or deposit-taking business in Hong Kong and is not under the supervision of the Hong Kong Monetary Authority.
YTD Price Performance: 28.89%
Average Trading Volume: 15,699,386
Technical Sentiment Signal: Buy
Current Market Cap: HK$21.49B
For an in-depth examination of 1606 stock, go to TipRanks’ Overview page.