Claim 70% Off TipRanks This Holiday Season
- 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
China Everbright Bank Co ( (HK:6818) ) just unveiled an update.
China Everbright Bank Co., Ltd. announced that CITIC Financial Asset Management Co., Ltd. has increased its shareholding in the company by 1%, raising its stake from 8% to 9%. This change, achieved through centralized bidding, does not trigger a tender offer or alter the controlling shareholder status, and reflects CITIC FAMC’s strategic interest in the bank, potentially enhancing its influence and investment returns.
The most recent analyst rating on (HK:6818) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Everbright Bank Co stock, see the HK:6818 Stock Forecast page.
More about China Everbright Bank Co
China Everbright Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the financial services industry. It provides a range of banking services and products, focusing on commercial and retail banking, wealth management, and investment banking services.
Average Trading Volume: 27,355,375
Technical Sentiment Signal: Buy
Current Market Cap: HK$232.5B
For an in-depth examination of 6818 stock, go to TipRanks’ Overview page.