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China Foods Limited Unveils 2024 Financial Services Agreement
China Foods (00506), Supply Chain (tianjin) and COFCO Finance entered into a financial services agreement for the year 2024.
China Foods (00506) announced that the company and the supply chain (Tianjin) (indirect non-wholly-owned subsidiary...
Futu International reduces shareholding of China Foods (00506) by 3.824 million shares at a price of HK$2.61 per share.
On October 18, Fidelity International reduced its shareholding in China Foods (00506) by 3.824 million shares, priced at 2.610 Hong Kong dollars per share, with a total amount of approximately 9.9806 million Hong Kong dollars.
Nomura: Downgrade Want Want China's rating to "hold" and raise the target price to 5.9 Hong Kong dollars.
Daiwa published a research report, lowering Want Want China (00151) earnings per share forecast for the fiscal years 2025 to 2027 by 2% to 4%, while raising the target price to 5.9 Hong Kong dollars. Due to limited upside potential in the stock price, the rating was downgraded from 'buy' to 'hold'. Daiwa released a research report citing the latest business updates from Want Want's management, indicating a further weakening in summer sales momentum compared to the second quarter, mainly due to weak demand, weather factors, and channel destocking, in line with most China foods and beverage companies. Currently, Daiwa forecasts Want Want's revenue for the first half of the fiscal year 2025, ending in September of this year.
Daiwa: Maintains a "Market Perform" rating on China Foods (00506) with target price cut to 3 Hong Kong dollars.
Nomura has lowered china foods' earnings per share forecast for 2024-2026 by 4-5%.
CHINA FOODS: INTERIM REPORT 2024
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