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The latest update is out from Dongfang Electric ( (HK:1072) ).
Dongfang Electric has successfully completed the placement of 68,000,000 new H shares, representing approximately 16.67% of the issued H shares and about 1.97% of the total issued shares post-allotment. The shares were placed at a price of HK$15.92 each to at least six independent placees, none of whom have become substantial shareholders, thereby maintaining the company’s shareholder structure.
The most recent analyst rating on (HK:1072) stock is a Sell with a HK$12.20 price target. To see the full list of analyst forecasts on Dongfang Electric stock, see the HK:1072 Stock Forecast page.
More about Dongfang Electric
Average Trading Volume: 22,781,952
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$67.21B
See more data about 1072 stock on TipRanks’ Stock Analysis page.