TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for 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
The latest announcement is out from China Oriental Group Co ( (HK:0581) ).
China Oriental Group Co, through its subsidiary Jinxi Heavy Industry, has acquired 3,753,500 shares of Jiangsu Shentong, increasing its stake to 0.80% of the company. This acquisition, amounting to approximately RMB52.0 million, was funded by internal resources and executed on the Shenzhen Stock Exchange. Jiangsu Shentong, known for its production of special valves used in industries such as metallurgy and nuclear energy, reported a net profit of RMB294.2 million after taxation in 2024, highlighting its stable financial performance.
The most recent analyst rating on (HK:0581) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Oriental Group Co stock, see the HK:0581 Stock Forecast page.
More about China Oriental Group Co
China Oriental Group Co is an investment holding company primarily engaged in the manufacturing and sales of iron and steel products. The company also deals in the trading of steel products, iron ore, and related raw materials, as well as sales of power equipment and real estate business. Jinxi Heavy Industry, a subsidiary, focuses on manufacturing casting products and equipment maintenance.
Average Trading Volume: 5,816,884
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.8B
Learn more about 0581 stock on TipRanks’ Stock Analysis page.