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The latest update is out from Far East Consortium International ( (HK:0035) ).
Far East Consortium International Limited has announced a potential transaction involving the sale of certain interests in The Ritz Carlton Hotel in Perth, Australia, to a subsidiary of AMTD Group Inc. The transaction, which involves an initial payment of A$20 million, is not yet finalized and remains subject to the signing of a definitive agreement. If completed, this transaction will result in joint ownership of the hotel by Far East Consortium and AMTD Group, potentially impacting the company’s financial standing and market operations.
The most recent analyst rating on (HK:0035) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Far East Consortium International stock, see the HK:0035 Stock Forecast page.
More about Far East Consortium International
Far East Consortium International Limited is a company incorporated in the Cayman Islands, operating with its subsidiaries in various sectors. The company is involved in real estate development, hospitality, and car park operations, with a focus on expanding its market presence in the Asia-Pacific region.
Average Trading Volume: 1,089,366
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.17B
For detailed information about 0035 stock, go to TipRanks’ Stock Analysis page.