China's Sunrise Group rises on acquisition plan
18/06/2021 03:39
** Shares of Sunrise Group Co Ltd 002752.SZ rise as much
as 4.7%
** Co says it plans to buy can manufacturer for 262.3
million yuan ($40.69 million) urn:newsml:reuters.com:*:nP8N2NX01L
** Says the deal will help improve its long term earnings
and continued business operations
** Sunrise Group Co Ltd down 13.6% YTD vs SSEC's .SSEC
1.5% increase
** 2 analysts cover Sunrise Group Co Ltd, with an avg rating
of "BUY". Its median PT is CNY6.73
** The stock is 22.3% below its 52-week high reached Nov. 20
** Sunrise Group Co Ltd has a current market cap of CNY5.481
billion
** Among the 2 analysts that cover Sunrise Group Co Ltd, the
breakdown of recommendations are 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."
($1 = 6.4465 Chinese yuan renminbi)
((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))