20.04.2021 sino AG: Warburg Research bewertet sino AG mit BUY – Ziel: 65 EUR

20.04.2021 sino AG: Warburg Research bewertet sino AG mit BUY – Ziel: 65 EUR

Trade Republic funding round triggers revaluation; PT up


Trade Republic (TR), in which sino held 13.8% previously, announced another financing round of USD 900m, valuing the company at USD 5.3bn or EUR 4.4bn. In this context, sino sold some of its shares, reducing its stake to 8.8% and generating profit after taxes of EUR 127m. As a result, sino increased its 2020/21 guidance to net income after taxes of EUR 135-146m.

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