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An update from Sinotrans ( (HK:0598) ) is now available.
Sinotrans Limited announced an increase in its shareholding in Antong by approximately 0.27%, acquiring 11,545,900 shares through centralized bidding transactions for around RMB 37 million. The company plans to further increase its shareholding in Antong, with the Chairman authorized to make decisions based on market conditions, potentially exceeding the original purchase price limit, reflecting a strategic move to strengthen its position in the logistics sector.
The most recent analyst rating on (HK:0598) stock is a Buy with a HK$5.00 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 company incorporated in the People’s Republic of China, operating in the logistics and transportation industry. The company focuses on providing comprehensive logistics services, including freight forwarding, shipping agency, and warehousing, catering to a diverse range of market needs.
YTD Price Performance: 30.68%
Average Trading Volume: 7,470,119
Technical Sentiment Signal: Buy
Current Market Cap: HK$41.19B
Find detailed analytics on 0598 stock on TipRanks’ Stock Analysis page.