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Golden Ponder Holdings Limited ( (HK:1783) ) just unveiled an update.
Envision Greenwise Holdings Limited, incorporated in the Cayman Islands, has entered into a sales cooperation agreement with Fortune Metal Group Inc. (FMG), focusing on the exclusive supply of recycled metals and other materials. The agreement allows Envision Greenwise to independently manage customer and sales channel development, enhancing its market position in the recycled metals industry. The announcement reveals that the company has adopted the multi-period excess earnings method (MPEEM) for valuing the exclusive trading rights, indicating a strategic move to optimize asset valuation. This collaboration is expected to cultivate stable demand for the products, potentially impacting the company’s operations and industry positioning positively.
The most recent analyst rating on (HK:1783) stock is a Hold with a HK$8.50 price target. To see the full list of analyst forecasts on Golden Ponder Holdings Limited stock, see the HK:1783 Stock Forecast page.
More about Golden Ponder Holdings Limited
Average Trading Volume: 1,410,917
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.59B
See more insights into 1783 stock on TipRanks’ Stock Analysis page.