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Beyond Oil Ltd ( (TSE:BOIL) ) has shared an update.
Beyond Oil Ltd. has entered the Vietnamese market through a distribution agreement with Trang Anh Manufacturing and Trading Co., Ltd., marking its first commercial presence in Vietnam. This partnership is part of Beyond Oil’s global expansion strategy, aiming to introduce its sustainable and health-focused oil filtration solutions to Vietnam’s food service sector. The initial order of 10,800 kg of product will be distributed by Trang Anh PDT., JSC, which plans to leverage its extensive distribution network to integrate Beyond Oil’s products into key industrial kitchens and large-scale food manufacturers. This move is expected to drive efficiency, quality, and sustainability in Vietnam’s thriving restaurant industry.
The most recent analyst rating on (TSE:BOIL) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Beyond Oil Ltd stock, see the TSE:BOIL Stock Forecast page.
Spark’s Take on TSE:BOIL Stock
According to Spark, TipRanks’ AI Analyst, TSE:BOIL is a Neutral.
Beyond Oil Ltd’s overall stock score is primarily influenced by its financial performance, which shows revenue growth but faces profitability challenges. Technical analysis suggests short-term positive momentum, but valuation concerns persist due to negative earnings. Improvement in profitability and cash flow is crucial for a better outlook.
To see Spark’s full report on TSE:BOIL stock, click here.
More about Beyond Oil Ltd
Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, enhancing sustainability, and lowering operational costs for food service companies. With over 15 years of experience, the company offers patented technology that significantly reduces harmful compounds in frying oil, addressing global health concerns related to reused oil in various food industry sectors.
Average Trading Volume: 72,786
Technical Sentiment Signal: Hold
Learn more about BOIL stock on TipRanks’ Stock Analysis page.