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The latest update is out from Hisense Home Appliances Group Co ( (HK:0921) ).
Hisense Home Appliances Group Co., Ltd. has announced the subscription of wealth management products through its subsidiaries, utilizing idle funds amounting to RMB1,860,000,000. This move is part of a broader strategy approved by the company’s board to enhance capital efficiency and increase returns on cash assets through short-term and medium- to low-risk investments. The transactions, while individually not significant, collectively constitute discloseable transactions under Hong Kong’s listing rules, indicating a strategic financial maneuver to optimize asset management.
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 incorporated in the People’s Republic of China. The company operates in the home appliances industry, focusing on products such as air conditioners, refrigerators, and related marketing services.
Average Trading Volume: 3,400,207
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$37.58B
For detailed information about 0921 stock, go to TipRanks’ Stock Analysis page.