GOLDWIND Surges Nearly 14% to Reach 4-Year High, Driven by LANDSPACE's STAR Market IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: aastocks
GOLDWIND Stock Performance: GOLDWIND (02208.HK) opened 4.22% higher and peaked at HK$18.49, marking a four-year high, with a current increase of 13.71% and a turnover of HK$1.472 billion.
Short Selling Activity: The short selling for GOLDWIND reached $350.24 million, with a ratio of 16.016%, indicating significant market interest.
LANDSPACE IPO Submission: Chinese aerospace company LANDSPACE has submitted its prospectus to the Sci-tech Innovation Board, with Jianghan Asset Management, a subsidiary of Goldwind, holding 4.14% of LANDSPACE’s shares.
Market Insights: Daiwa reports that GOLDWIND stands to benefit from LANDSPACE's progress in its IPO application on the STAR Market.
Analyst Views on 02208
Wall Street analysts forecast 02208 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02208 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 14.210
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Current: 14.210
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
