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Sinotrans ( (HK:0598) ) has shared an announcement.
Sinotrans Limited has completed the disposal of a 25% equity interest in Loscam International, resulting in an expected gain of approximately RMB1.65 billion. This transaction reduces Sinotrans’ stake in Loscam to 20%, which remains an associate of the company, potentially impacting its financial statements and strategic positioning 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, with a significant market presence in China and international markets.
Average Trading Volume: 9,320,792
Technical Sentiment Signal: Buy
Current Market Cap: HK$46.22B
See more insights into 0598 stock on TipRanks’ Stock Analysis page.