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Heng Tai Consumables Group ( (HK:0197) ) just unveiled an announcement.
Heng Tai Consumables Group Limited announced plans to expand its FMCG Trading Business by exploring new product options for export to Asian and European markets, driven by improved quality and competitive pricing of Chinese products. The company is also scaling down its import trading operations due to fierce market competition and intends to expand its agri-processing operations in Dongguan, China, to capitalize on growing demand. These strategic moves aim to diversify revenue streams and enhance competitiveness, with potential fundraising exercises to support these initiatives.
The most recent analyst rating on (HK:0197) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Heng Tai Consumables Group stock, see the HK:0197 Stock Forecast page.
More about Heng Tai Consumables Group
Heng Tai Consumables Group Limited operates in the fast-moving consumer goods (FMCG) industry, focusing on trading packaged foods, beverages, and household consumable products. The company is also involved in the agri-processing sector, providing fresh produce products to fast-food chains and school dining halls in China.
Average Trading Volume: 535,158
Technical Sentiment Signal: Buy
Current Market Cap: HK$69.66M
For detailed information about 0197 stock, go to TipRanks’ Stock Analysis page.