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The latest announcement is out from Binhai Investment Co ( (HK:2886) ).
Binhai Investment Company Limited, whose core business and assets are based in Mainland China and largely conducted in Renminbi, currently prepares group accounts that have historically been presented in Hong Kong dollars despite using Renminbi as its functional currency. The company has announced it will change the presentation currency of its consolidated financial statements from Hong Kong dollars to Renminbi, starting with the annual results for the year ending 31 December 2025, with prior-year comparatives restated accordingly; management expects no material impact on the group’s financial statements but believes the shift will better reflect its underlying operations and provide shareholders and potential investors with a clearer and more transparent view of its financial performance.
The most recent analyst rating on (HK:2886) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Binhai Investment Co stock, see the HK:2886 Stock Forecast page.
More about Binhai Investment Co
Binhai Investment Company Limited is a Bermuda-incorporated company listed in Hong Kong, operating through subsidiaries whose main business and assets are located in Mainland China and primarily denominated and settled in Renminbi, with its group companies already using Renminbi as their functional and, in many cases, presentation currency.
Average Trading Volume: 140,811
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.59B
See more insights into 2886 stock on TipRanks’ Stock Analysis page.