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Luen Thai Holdings Limited ( (HK:0311) ) has issued an update.
Luen Thai Holdings Limited has announced a revision of its annual caps for the Master Subcontracting Agreement with Shangtex HK Group due to increased demand for its subcontracting services. The revised caps reflect a significant increase, allowing the company to meet the expected demand through 2027, highlighting the growing business relationship and operational scale between Luen Thai and Shangtex HK.
The most recent analyst rating on (HK:0311) stock is a Sell with a HK$0.21 price target. To see the full list of analyst forecasts on Luen Thai Holdings Limited stock, see the HK:0311 Stock Forecast page.
More about Luen Thai Holdings Limited
Luen Thai Holdings Limited operates in the apparel manufacturing industry, providing subcontracting services for the production of apparel products. The company focuses on serving the needs of significant market players like Shangtex HK Group, which is a substantial shareholder.
Average Trading Volume: 69,111
Technical Sentiment Signal: Hold
Current Market Cap: HK$229.6M
For a thorough assessment of 0311 stock, go to TipRanks’ Stock Analysis page.