China Development Bank Financial Leasing’s Stock Price Plummets by 34.63%, Trading at Just 1.34 HKD

China Development Bank Financial Leasing (1606)

1.34 HKD -0.71 (-34.63%) Volume: 173.84M

China Development Bank Financial Leasing’s stock price plummeted to 1.34 HKD, marking a significant session drop of -34.63%, with a hefty trading volume of 173.84M. Despite this steep decline, the YTD change remains a modest -3.60%, reflecting the stock’s resilience amidst market volatility.

Latest developments on China Development Bank Financial Leasing

China Development Bank Financial Leasing Co., Ltd. (HKG:1606) is facing a challenging day in the stock market after experiencing a 40% dive in its share price. This decline comes after the company’s recent acquisition of nine tankers from Torm for $172 million, which has raised concerns about the company’s earnings. Investors are closely monitoring the situation as they assess the impact of this deal on China Development Bank Financial Leasing‘s financial performance and future stock price movements.

A look at China Development Bank Financial Leasing 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 Development Bank Financial Leasing has a positive long-term outlook based on its Smartkarma Smart Scores. With high scores in Value, Dividend, Growth, and Momentum, the company is positioned well for future success. While its Resilience score is lower, the overall strong performance in other areas indicates a promising future for China Development Bank Financial Leasing.

China Development Bank Financial Leasing Co. Ltd. offers a range of financial leasing services, including aircraft, ship, and commercial vehicle leasing. With a focus on growth and delivering value to its investors through dividends, the company shows potential for continued success in the financial leasing industry. Despite facing some resilience challenges, the overall outlook for China Development Bank Financial Leasing is optimistic based on its Smartkarma Smart Scores.

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