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An update from Hisense Home Appliances Group Co ( (HK:0921) ) is now available.
Hisense Home Appliances Group Co., Ltd. announced that it has entered into the Jingu Trust Wealth Management Agreements to subscribe to wealth management products worth RMB1,739,000,000 using its idle funds. This strategic move aims to enhance capital efficiency and increase returns on cash assets through short-term, medium- to low-risk investments. The transactions, while not individually significant, collectively qualify as discloseable transactions under the Listing Rules, indicating a proactive approach in financial management and potential positive implications for stakeholders.
The most recent analyst rating on (HK:0921) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Hisense Home Appliances Group Co stock, see the HK:0921 Stock Forecast page.
More about Hisense Home Appliances Group Co
Hisense Home Appliances Group Co., Ltd. is a joint stock limited company based in the People’s Republic of China. The company operates in the home appliances industry, focusing on products such as air conditioners, refrigerators, and other household appliances. It has a market presence through its subsidiaries, including Air-conditioner Marketing Company, Gorenje Company, and Refrigerator Marketing Company.
YTD Price Performance: 5.86%
Average Trading Volume: 3,351,251
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$37.44B
See more data about 0921 stock on TipRanks’ Stock Analysis page.