Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
China Feihe Limited ( (HK:6186) ) just unveiled an announcement.
China Feihe Limited has announced that its wholly-owned subsidiary, Feihe HLJ Sales, has subscribed to a wealth management financial product offered by CITIC Bank, using RMB700 million of its idle funds. This strategic move aims to enhance the company’s capital gains while maintaining capital safety and liquidity, aligning with its core objectives. The investment is expected to yield a higher return than typical savings or time deposits, with minimal risk, and will not impact the company’s 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, 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: 29,924,803
Technical Sentiment Signal: Sell
Current Market Cap: HK$37.32B
Find detailed analytics on 6186 stock on TipRanks’ Stock Analysis page.