Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Best Food Holding Co. Ltd. ( (HK:1488) ) just unveiled an update.
Best Food Holding Co. Ltd. has announced a supplemental disclosure regarding the disposal of its equity interest in a target company. The consideration for this transaction was determined using a market approach, specifically the price-to-earnings ratio, to appraise the company’s equity value at approximately RMB2,716.8 million. This strategic move is likely to impact the company’s financial positioning and could influence its market strategy in the restaurant industry.
The most recent analyst rating on (HK:1488) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Best Food Holding Co. Ltd. stock, see the HK:1488 Stock Forecast page.
More about Best Food Holding Co. Ltd.
Best Food Holding Co. Ltd. operates in the restaurant industry, focusing primarily on catering and restaurant operations. The company generates a significant portion of its revenue from the Mainland China market.
Average Trading Volume: 566,859
Technical Sentiment Signal: Sell
Current Market Cap: HK$899.8M
Learn more about 1488 stock on TipRanks’ Stock Analysis page.