China Putian Food Holding Ltd. (HK:1699) has released an update.
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
China Putian Food Holding Ltd. has strategically shifted its focus from pig breeding to the slaughtering and meat processing industry, resulting in a significant decrease in its biological assets. This transition comes amid a challenging competitive environment, impacting its profitability and cash flow. Additionally, the company faces financial pressure due to a high demand for repayment of a Convertible Bond and Note, leading to a substantial rise in its liabilities.
For further insights into HK:1699 stock, check out TipRanks’ Stock Analysis page.