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An update from Da Yu Financial Holdings Limited ( (HK:1073) ) is now available.
Da Yu Financial Holdings Limited, through its wholly-owned subsidiary, has purchased US$1.0 million worth of notes from BNP Paribas at a discount, bringing its total holdings to US$5.8 million. This transaction, considered a discloseable transaction under Hong Kong’s Listing Rules, aims to generate a stable income stream for the company by investing surplus cash prudently. The notes, issued by a reputable global banking group, offer an attractive yield, reinforcing Da Yu’s strategy to enhance shareholder value.
The most recent analyst rating on (HK:1073) stock is a Hold with a HK$0.11 price target. To see the full list of analyst forecasts on Da Yu Financial Holdings Limited stock, see the HK:1073 Stock Forecast page.
More about Da Yu Financial Holdings Limited
Da Yu Financial Holdings Limited is primarily engaged in activities regulated by the Securities and Futures Commission of Hong Kong. The company deals in securities, advises on securities and corporate finance, manages assets, and provides money lending and related services.
Average Trading Volume: 1,160,893
Technical Sentiment Signal: Sell
Current Market Cap: HK$393.1M
Learn more about 1073 stock on TipRanks’ Stock Analysis page.