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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 a financial product offered by SPD Bank, utilizing RMB150 million of its idle funds. This strategic move is aimed at enhancing the company’s capital gains while ensuring capital safety and liquidity. The subscription is expected to yield a higher return compared to standard savings or time deposits, aligning with the company’s core objectives and benefiting its shareholders.
The most recent analyst rating on (HK:6186) stock is a Buy with a HK$6.30 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, 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: 46,617,134
Technical Sentiment Signal: Buy
Current Market Cap: HK$52.71B
For an in-depth examination of 6186 stock, go to TipRanks’ Stock Analysis page.