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The latest update is out from Sinotrans ( (HK:0598) ).
Sinotrans Limited announced a significant development regarding its proposed spin-off and separate listing of a real estate investment trust (REIT) for infrastructure assets on the Shanghai Stock Exchange. The Shanghai Stock Exchange and the China Securities Regulatory Commission have given their approvals for the BOC Sinotrans Warehousing and Logistics Closed-End Infrastructure Securities Investment Fund, allowing it to proceed with fundraising activities. This move could potentially enhance Sinotrans’ market positioning by expanding its investment capabilities in infrastructure assets, although the timing of the offering remains subject to market conditions.
The most recent analyst rating on (HK:0598) stock is a Sell with a HK$3.60 price target. To see the full list of analyst forecasts on Sinotrans stock, see the HK:0598 Stock Forecast page.
More about Sinotrans
Sinotrans Limited is a joint stock limited company incorporated in the People’s Republic of China, operating in the logistics and warehousing industry. The company focuses on providing comprehensive logistics services, including warehousing and infrastructure asset management.
YTD Price Performance: 3.54%
Average Trading Volume: 10,843,637
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$36.5B
For detailed information about 0598 stock, go to TipRanks’ Stock Analysis page.