China Cinda Asset Management’s Stock Price Plummets to 0.63 HKD, Marking a Sharp 4.55% Decline

China Cinda Asset Management (1359)

0.63 HKD -0.03 (-4.55%) Volume: 123.83M

China Cinda Asset Management’s stock price stands at 0.63 HKD, experiencing a decline of -4.55% this trading session with a robust trading volume of 123.83M, further underlining its YTD performance with a negative shift of -19.23%, reflecting a challenging market scenario.

Latest developments on China Cinda Asset Management

China Cinda Asset Management has recently hit an all-time low due to a weak earnings outlook, with forecasts indicating a substantial profit drop. In an effort to address financial challenges, the company’s bond issuance plan has been extended. Additionally, Bohai Bank is looking to sell $3.5 billion in loans to China’s bad debt managers, seeking to dispose of 29 billion yuan loans to shore up capital. This comes as three SEHK stocks are estimated to trade significantly below intrinsic value, highlighting broader economic concerns impacting China Cinda Asset Management‘s stock price movements today.

A look at China Cinda Asset Management Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Cinda Asset Management Company Ltd. is looking strong in terms of its long-term outlook, according to Smartkarma Smart Scores. With top scores in Value and Dividend, the company is showing promise in terms of its financial health and ability to provide returns to its shareholders. However, the lower scores in Growth, Resilience, and Momentum indicate some areas of concern that may impact the company’s performance in the future.

Overall, China Cinda Asset Management Company Ltd. is positioned well in terms of value and dividend payouts, but may need to focus on improving its growth potential, resilience to market fluctuations, and momentum to ensure sustained success in the long run. Investors should consider these factors carefully when evaluating the company’s prospects for the future.

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