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China Feihe Limited ( (HK:6186) ) has provided an update.
China Feihe Limited announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to financial products from SPD Bank worth RMB200 million using idle funds. This strategic move aims to enhance the company’s capital gain by utilizing temporary idle funds effectively, offering a higher return than typical savings or time deposits. The subscription is aligned with the company’s core objectives of ensuring capital safety and liquidity, and it is considered to have low risk while being beneficial for the company’s shareholders.
The most recent analyst rating on (HK:6186) stock is a Buy with a HK$6.30 price target. To see the full list of analyst forecasts on China Feihe Limited stock, see the HK:6186 Stock Forecast page.
More about China Feihe Limited
China Feihe Limited, incorporated in the Cayman Islands, is primarily engaged in the production and sale of dairy products and raw milk, as well as nutritional supplements. The company’s shares are listed on the Main Board of the Stock Exchange.
Average Trading Volume: 44,957,838
Technical Sentiment Signal: Buy
Current Market Cap: HK$53.53B
For detailed information about 6186 stock, go to TipRanks’ Stock Analysis page.