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China Feihe Limited ( (HK:6186) ) has issued an announcement.
China Feihe Limited has announced additional details regarding its NL47 Procurement Framework Agreement, which outlines the procurement of agricultural products at market prices determined through independent supplier quotes or mutual agreement. The company has set substantial annual caps for these transactions, reflecting an anticipated increase in demand driven by a growing membership on its e-commerce platform and various promotional activities. This strategic move is expected to significantly boost the company’s market presence and operational scale in the coming years.
The most recent analyst rating on (HK:6186) stock is a Hold with a HK$4.30 price target. To see the full list of analyst forecasts on China Feihe Limited stock, see the HK:6186 Stock Forecast page.
More about China Feihe Limited
China Feihe Limited is a company incorporated in the Cayman Islands, operating primarily in the dairy and nutritional products industry. The company focuses on producing and distributing a range of family nutritional products, with a market emphasis on agricultural products and e-commerce platform expansion.
Average Trading Volume: 32,141,237
Technical Sentiment Signal: Sell
Current Market Cap: HK$38.13B
Find detailed analytics on 6186 stock on TipRanks’ Stock Analysis page.