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An update from East Buy Holding Limited ( (HK:1797) ) is now available.
East Buy Holding Limited announced a subscription to a wealth management product offered by CMBC with a principal amount of RMB50 million, aiming to maximize surplus cash utilization through treasury management. The subscription, characterized by non-guaranteed principal and floating returns, is part of a broader strategy to achieve balanced yields with low risk, enhancing the company’s earnings without affecting its working capital or operations.
The most recent analyst rating on (HK:1797) stock is a Hold with a HK$26.00 price target. To see the full list of analyst forecasts on East Buy Holding Limited stock, see the HK:1797 Stock Forecast page.
More about East Buy Holding Limited
East Buy Holding Limited is a livestreaming platform that focuses on selecting premium products for customers. It is recognized as a product and technology company that offers agricultural products under its private label ‘East Buy’ and also operates as a cultural communication company.
Average Trading Volume: 40,215,979
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$27.61B
Learn more about 1797 stock on TipRanks’ Stock Analysis page.