TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from China Feihe Limited ( (HK:6186) ) is now available.
China Feihe Limited announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to financial products offered by SPD Bank using RMB300 million of idle funds. This strategic move aims to enhance the company’s capital gains while maintaining capital safety and liquidity. The investment is expected to yield a higher return compared to typical savings or time deposits offered by commercial banks in China. The company assures that the subscription will not impact its working capital or operations, and it aligns with the interests of the company and its 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 is a company incorporated in the Cayman Islands, primarily engaged in the production and sale of dairy products, raw milk, and nutritional supplements. Its shares are listed on the Main Board of the Stock Exchange.
Average Trading Volume: 29,684,469
Technical Sentiment Signal: Sell
Current Market Cap: HK$37.41B
Learn more about 6186 stock on TipRanks’ Stock Analysis page.