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Fufeng Group (HKG:546) Sheds 4.1% This Week, as Yearly Returns Fall More in Line With Earnings Growth
Pacific Securities: pay attention to investment opportunities in the fields of food and fodder additives, and phosphorus chemicals.
Pacific Securities research reports suggest focusing on investment opportunities in the food and fodder additive, and phosphorus chemicals sectors.
On July 10, Fufeng Group (00546.HK) spent 4.3493 million Hong Kong dollars to repurchase 1 million shares.
On July 11th, Gelunhui reported that Fufeng Group (00546.HK) announced that on July 10th, 2024, it will spend 4.3493 million Hong Kong dollars to repurchase 1 million shares at a repurchase price of 4.32-4.37 Hong Kong dollars per share.
Hong Kong stock market fluctuations | Fufeng Group (00546) fell nearly 4% due to weak prices in the MSG market. The company is expected to earn more than 0.45 billion yuan less in the first half of the year.
Fufeng Group (00546) fell nearly 4%, as of press time, down 3.6% to HKD 4.29, with a turnover of HKD 28.2599 million.
HK stocks unstable | Fufeng Group (00546) drops over 5% again, with an expected profit decrease of over 450 million yuan year-on-year in the first half of the year due to weak demand for MSG.
Fufeng Group (00546) fell more than 5%, as of press time, fell 5.18%, reported HKD 4.39, with a turnover of HKD 53.0341 million.
CITIC Securities: The recovery slope of the condiment industry has slowed down, and the online and industrial layout is expected to become a new increment.
With the expansion of food delivery and the popularity of pre-cooked food, part of the condiment consumption on the household end has shifted to dining and food industry channels such as pre-cooked food and cooking packages, bringing new growth to the industry. The demand for the restoration of pre-cooked food flavors has increased, and the requirements for condiment enterprises have gradually strengthened. The trend towards industrialization has become a new opportunity.
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