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The latest announcement is out from China Feihe Limited ( (HK:6186) ).
China Feihe Limited has announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to a financial product offered by SPD Bank, investing RMB200 million using idle funds. This strategic move aims to enhance capital gains while maintaining low risk, aligning with the company’s objectives of ensuring capital safety and liquidity. The subscription is expected to provide a higher return compared to traditional savings, without impacting the company’s working capital or operations, thus benefiting shareholders.
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, incorporated in the Cayman Islands, is primarily engaged in the production and sale of dairy products, raw milk, and nutritional supplements. The company’s shares are listed on the Main Board of the Stock Exchange.
Average Trading Volume: 40,684,924
Technical Sentiment Signal: Sell
Current Market Cap: HK$38.13B
For a thorough assessment of 6186 stock, go to TipRanks’ Stock Analysis page.