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Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) has shared an announcement.
Postal Savings Bank of China Co., Ltd. has successfully completed the issuance of A Shares to specific subscribers, raising a total of RMB 130 billion. This strategic move, approved by various regulatory bodies, enhances the bank’s capital structure and strengthens its market position, potentially benefiting stakeholders through improved financial stability and growth prospects.
The most recent analyst rating on (HK:1658) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Postal Savings Bank of China Co., Ltd. Class H stock, see the HK:1658 Stock Forecast page.
More about Postal Savings Bank of China Co., Ltd. Class H
Postal Savings Bank of China Co., Ltd. is a major financial institution in China, focusing on providing banking services including savings, loans, and other financial products. It operates primarily within the Chinese market, catering to a wide range of customers with a focus on retail banking.
Average Trading Volume: 65,906,756
Technical Sentiment Signal: Buy
Current Market Cap: HK$577.6B
Find detailed analytics on 1658 stock on TipRanks’ Stock Analysis page.