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The latest announcement is out from Qunabox Group Limited ( (HK:0917) ).
Qunabox Group Limited has announced a voluntary share repurchase plan, authorizing the buyback of up to HK$300 million worth of shares. The board believes the current share price undervalues the company and sees this as an opportunity to enhance shareholder value and demonstrate confidence in the company’s long-term prospects. The repurchase will be funded by internal resources and conducted in compliance with relevant regulations, without adversely affecting the company’s working capital.
The most recent analyst rating on (HK:0917) stock is a Hold with a HK$35.00 price target. To see the full list of analyst forecasts on Qunabox Group Limited stock, see the HK:0917 Stock Forecast page.
More about Qunabox Group Limited
Average Trading Volume: 1,589,140
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.34B
See more insights into 0917 stock on TipRanks’ Stock Analysis page.