UBS analyst maintained a Buy rating on China Foods Limited on August 27 and set a price target of HK$5.26. The company’s shares closed yesterday at HK$3.75.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for China Foods Limited with a HK$5.51 average price target.
Based on China Foods Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$9.79 billion and a net profit of HK$284.12 million. In comparison, last year the company earned a revenue of HK$10.16 billion and had a net profit of HK$295.3 million
