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The latest announcement is out from China Feihe Limited ( (HK:6186) ).
China Feihe Limited announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to financial products worth RMB300 million from SPD Bank 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 investment is expected to yield higher returns compared to traditional savings or time deposits, and the company has implemented internal controls to ensure that this investment does not affect its working capital or operations.
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: 41,003,445
Technical Sentiment Signal: Sell
Current Market Cap: HK$39.76B
For detailed information about 6186 stock, go to TipRanks’ Stock Analysis page.