XPENG-W Aims to Obtain RMB10 Billion Credit Facility from ICBC Guangdong Branch
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: aastocks
Strategic Cooperation Agreement: XPENG-W has signed a strategic cooperation agreement with the Guangdong branch of ICBC to enhance financing and cash management support.
Credit Line Details: Under the agreement, ICBC will provide XPENG-W with a RMB10 billion credit line for various business needs.
Analyst Views on 01398
Wall Street analysts forecast 01398 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01398 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: 6.340
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Current: 6.340
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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.
