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International Business Settlement Holdings Limited ( (HK:0147) ) has issued an update.
International Business Settlement Holdings Limited announced a significant development with a new computer chip sales agreement with HK Australis Tech Limited, a subsidiary of Shenzhen Nanji Optoelectronics Technology Co., Ltd. The agreement involves the supply of 1,610,000 IC chips valued at approximately US$19.95 million, marking a strategic expansion of the company’s product portfolio in the IC chip market, which is expected to bolster its business operations and potentially increase shareholder value.
The most recent analyst rating on (HK:0147) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on International Business Settlement Holdings Limited stock, see the HK:0147 Stock Forecast page.
More about International Business Settlement Holdings Limited
International Business Settlement Holdings Limited operates in the computer equipment industry, focusing on the supply of integrated circuit (IC) chips. The company aims to capitalize on growth opportunities within the IC chip market to enhance long-term shareholder value.
Average Trading Volume: 30,540,180
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.08B
See more insights into 0147 stock on TipRanks’ Stock Analysis page.