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Peak season's lackluster performance leads to another drop in raw milk prices. Is overseas bulk powdered milk still cost-effective? | Industry News
Since November, the price of raw milk has reached a new low in this cycle, and the import volume of bulk powder has been declining for eight consecutive months compared to the previous year; currently, domestic bulk powder has started to be exported at low stock prices to some major producing countries; experts believe that this trend of declining import of dairy products will continue.
Hong Kong stocks unusual movement | China Feihe (06186) rose nearly 3%, the company expects sales growth to accelerate in the second half of the year. UBS Group bullish on revenue improvement in the next two years.
China Feihe (06186) rose nearly 3%, as of the deadline, up 2.6%, closing at 5.92 Hong Kong dollars, with a turnover of 41.3438 million Hong Kong dollars.
UBS Group raised the target price of china feihe (06186.HK) to 6.65 yuan, with accelerated sales growth in the second half of the year.
UBS Group released a report indicating that China Feihe (06186.HK) management expressed in Beijing last week that sales in the second half of the year are expected to be better than the first half, benefiting from the rising sales trend in the third quarter and providing guidance on revenue and net profit growth for this year due to a better product mix, which are 5% to 10% and over 10% respectively. The bank believes that the company's stock valuation is lower compared to other consumer goods listed companies in Hong Kong, raising the target price from 5.1 yuan to 6.65 yuan, rating it as "buy". UBS Group pointed out that due to the increase in the birth rate this year, over 70% of China Feihe's sales come from infant formula milk powder for newborns in the second and third stages.
China Feihe Unit Invests 500 Million Yuan in China Construction Bank's Financial Product
China Feihe (06186.HK) invests 0.5 billion RMB in subscribing to financial products.
China Feihe (06186.HK) announced to subscribe to the non-principal-guaranteed floating income financial products issued by China Construction Bank Corporation with idle funds, with an amount of 0.5 billion RMB, maturing on November 5, 2025, and an expected annual yield of 2.85%.
Express News | China Feihe officially announced as the official partner of the 9th Asian Winter Games.
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