Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Affluent Foundation Holdings Ltd. ( (HK:1757) ) has shared an announcement.
Affluent Foundation Holdings Limited has announced plans to enter Hong Kong’s financial services sector as a strategic move to diversify beyond its core foundation and construction-related subcontracting business. The proposed new business will target regulated activities including dealing in securities, advising on securities, asset management and trust services, which the board views as offering strong growth prospects supported by government policies and the potential to broaden revenue streams and enhance long-term shareholder value. However, the company cautioned that the initiative remains at an early stage, with no binding agreements signed, and indicated that further updates will be provided if and when the plans materialise.
The most recent analyst rating on (HK:1757) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Affluent Foundation Holdings Ltd. stock, see the HK:1757 Stock Forecast page.
More about Affluent Foundation Holdings Ltd.
Affluent Foundation Holdings Limited is a Hong Kong-based subcontractor specialising in foundation works, including excavation and lateral support, pile cap construction, demolition, underground drainage, earthworks and structural steelworks, and it also leases construction machinery to third-party contractors. The group has been seeking to improve its operations and financial position by adding new business lines and diversifying its income sources for the benefit of shareholders.
Average Trading Volume: 3,413,691
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.08B
For a thorough assessment of 1757 stock, go to TipRanks’ Stock Analysis page.