Daido Group Enters Lease Agreement with Union Ocean
Daido Group Limited (HK:0544) has announced a two-year lease agreement with Union Ocean through its subsidiary DSL. This transaction is classified as a discloseable transaction under the Listing Rules, necessitating recognition of right-of-use assets in financial statements. The latest analyst rating for HK:0544 is a Hold with a price target of HK$2.00. Daido Group's current market cap is HK$68.23M, with an average trading volume of 215,426.
Daido Group Limited ( (HK:0544) ) has shared an announcement.
Daido Group Limited, through its indirect wholly-owned subsidiary DSL, has entered into a provisional agreement with Union Ocean for a two-year lease of premises in Hong Kong. This transaction, classified as a discloseable transaction under the Listing Rules, involves recognizing the right-of-use assets in the company’s financial statements and requires notification and announcement due to its size relative to the company’s financial metrics.
The most recent analyst rating on (HK:0544) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Daido Group Limited stock, see the HK:0544 Stock Forecast page.
More about Daido Group Limited
Average Trading Volume: 215,426
Technical Sentiment Signal: Buy
Current Market Cap: HK$68.23M
For an in-depth examination of 0544 stock, go to TipRanks’ Overview page.
