Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Kinetic Mines & Energy Ltd. ( (HK:1277) ) has provided an update.
Kinetic Development Group Limited, a company incorporated in the Cayman Islands, has announced significant transactions involving the acquisition of Taiyuan Seedland and Dongzhimen Properties. These transactions are part of a series of agreements and adjustments to previous property purchase agreements, reflecting the company’s strategic moves in property acquisition. The acquisition of Taiyuan Hetai and the transfer of 2024 Target Properties highlight Kinetic’s ongoing efforts to optimize its property portfolio. The completion of these transactions, including the payment of corporate income tax by Kinetic Qinhuangdao, underscores the company’s commitment to expanding its real estate holdings and potentially enhancing its market position.
The most recent analyst rating on (HK:1277) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on Kinetic Mines & Energy Ltd. stock, see the HK:1277 Stock Forecast page.
More about Kinetic Mines & Energy Ltd.
Average Trading Volume: 20,449,642
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$13.49B
For detailed information about 1277 stock, go to TipRanks’ Stock Analysis page.