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An announcement from Shoucheng Holdings Ltd. ( (HK:0697) ) is now available.
Shoucheng Holdings Ltd. announced its investment in CapitaLand Commercial C-REIT through its subsidiary-managed Beijing Pingzhun Infrastructure Real Estate Investment Fund. This strategic move is expected to enrich consumer scenarios and promote high-quality economic development by optimizing the consumption environment and upgrading household consumption. The investment signifies Shoucheng’s commitment to expanding its footprint in China’s core intelligent infrastructure real estate sector and reinforces its position in the REITs market.
The most recent analyst rating on (HK:0697) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Shoucheng Holdings Ltd. stock, see the HK:0697 Stock Forecast page.
More about Shoucheng Holdings Ltd.
Shoucheng Holdings Ltd. operates in the infrastructure real estate sector, focusing on intelligent infrastructure investments and management. The company is involved in managing real estate investment funds and aims to enhance infrastructure asset-related businesses through strategic partnerships and investments.
YTD Price Performance: 137.67%
Average Trading Volume: 121,275,220
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.86B
Find detailed analytics on 0697 stock on TipRanks’ Stock Analysis page.