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COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) has issued an announcement.
COSCO SHIPPING Energy Transportation Co., Ltd. announced a proposal to provide guarantees for its wholly-owned subsidiaries, subject to shareholder approval at the upcoming AGM. The guarantees aim to reduce financing costs and improve the efficiency of obtaining financing, which is expected to benefit the company and its shareholders by enhancing operational capabilities and financial stability.
The most recent analyst rating on (HK:1138) stock is a Buy with a HK$11.10 price target. To see the full list of analyst forecasts on COSCO SHIPPING Energy Transportation Co stock, see the HK:1138 Stock Forecast page.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, primarily engaged in the shipping industry. Its subsidiaries focus on international shipping, cargo transportation, ship management, and logistics services, including the transportation of liquefied petroleum gas and bulk chemicals.
Average Trading Volume: 19,194,859
Technical Sentiment Signal: Hold
Current Market Cap: HK$46.09B
Find detailed analytics on 1138 stock on TipRanks’ Stock Analysis page.