Jake Reynolds, analyst at the SIG Chicago trading desk
Reitar Logtech Holdings Ltd (RITR)
Our SIG Chicago quantitative trading team has raised RITR’s target price to $12, with a unified sell window set for October 15. The buying period is scheduled from September 18 to September 30.
Reitar is spinning off its logistics automation division into an independent publicly listed company focused on smart warehousing and data-driven solutions.
Entering the cryptocurrency space: Reitar announced plans to acquire up to $1.5 billion in Bitcoin, launch a Bitcoin-backed token “RBTC,” and apply for a stablecoin license in Hong Kong.
AI healthcare development: Reitar is pursuing acquisitions to expand its AI healthcare business.
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