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The latest announcement is out from Holly Futures Co. Ltd. Class H ( (HK:3678) ).
Holly Futures Co., Ltd. has announced changes to its accounting policies following a board meeting. The changes align with new regulations from the China Futures Association and the Ministry of Finance, impacting how the company recognizes income from trade activities and treats contracts for buying and selling standard warehouse receipts as financial instruments. This adjustment is expected to streamline their financial reporting and enhance compliance with industry standards.
The most recent analyst rating on (HK:3678) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Holly Futures Co. Ltd. Class H stock, see the HK:3678 Stock Forecast page.
More about Holly Futures Co. Ltd. Class H
Holly Futures Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the futures industry. The company is engaged in futures trading and risk management services, with a focus on standard warehouse receipt trading and cost accounting of risk management business revenue.
Average Trading Volume: 80,218,910
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.13B
Learn more about 3678 stock on TipRanks’ Stock Analysis page.