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China Feihe Limited ( (HK:6186) ) just unveiled an update.
China Feihe Limited announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to financial products offered by SPD Bank, investing RMB300 million using idle funds. This strategic move aims to enhance the company’s capital gains while maintaining low risk, as the expected returns from these investments are higher than those from conventional savings or time deposits. The company has ensured that this investment will not impact its working capital or operations, aligning with its core objectives of capital safety and liquidity.
The most recent analyst rating on (HK:6186) stock is a Hold with a HK$5.50 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 an exempted company incorporated in the Cayman Islands, 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: 36,900,935
Technical Sentiment Signal: Sell
Current Market Cap: HK$41.48B
For an in-depth examination of 6186 stock, go to TipRanks’ Overview page.