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The latest update is out from Okamura Foods Co. Ltd. ( (JP:2938) ).
Okamura Foods Co., Ltd. has announced the establishment of a wholly owned subsidiary in Hong Kong to enhance its overseas wholesale business. This strategic move aims to facilitate a full-scale entry into the Hong Kong market and serve as a stepping stone for future expansion into Mainland China, a significant market for salmon and trout. The Hong Kong subsidiary will be the company’s sixth overseas wholesale base, aligning with its growth strategy to achieve its Medium-Term Management Goals 2030.
The most recent analyst rating on (JP:2938) stock is a Hold with a Yen1261.00 price target. To see the full list of analyst forecasts on Okamura Foods Co. Ltd. stock, see the JP:2938 Stock Forecast page.
More about Okamura Foods Co. Ltd.
Okamura Foods Co., Ltd. operates in the food industry with a focus on aquaculture and sales. The company is listed on the Tokyo Stock Exchange and is working towards expanding its domestic aquaculture volume and overseas wholesale business as part of its Medium-Term Management Goals 2030.
Average Trading Volume: 126,875
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen62.5B
For a thorough assessment of 2938 stock, go to TipRanks’ Stock Analysis page.