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The latest announcement is out from Beyond Oil Ltd ( (TSE:BOIL) ).
Beyond Oil Ltd. has achieved a significant commercial milestone with Hap Chan, a leading Chinese restaurant chain in the Philippines, placing a repeat order for Beyond Oil’s frying solution. This adoption as the standard in Hap Chan’s frying operations underscores Beyond Oil’s growing presence in the Asian market and its commitment to global expansion. The partnership has resulted in improved food quality, extended oil lifespan, and greater operational efficiency for Hap Chan, which has expanded from 80 to over 100 locations nationwide. This collaboration highlights the scalability and effectiveness of Beyond Oil’s product in enhancing sustainability and operational practices in the food industry.
The most recent analyst rating on (TSE:BOIL) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Beyond Oil Ltd stock, see the TSE:BOIL Stock Forecast page.
Spark’s Take on TSE:BOIL Stock
According to Spark, TipRanks’ AI Analyst, TSE:BOIL is a Neutral.
The overall stock score is primarily influenced by strong technical indicators suggesting bullish momentum, despite profitability and valuation concerns. The lack of earnings call and corporate events data means these factors did not impact the score.
To see Spark’s full report on TSE:BOIL stock, click here.
More about Beyond Oil Ltd
Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability. The company offers patented technology that significantly reduces harmful compounds in frying oil, addressing critical health concerns. Beyond Oil’s solutions are used in various sectors, including restaurant kitchens, hotels, catering services, and institutions, providing benefits such as improved food quality and reduced environmental impact.
Average Trading Volume: 86,670
Technical Sentiment Signal: Buy
Current Market Cap: C$282.9M
See more insights into BOIL stock on TipRanks’ Stock Analysis page.