CICC Keeps Their Buy Rating on China Foods Limited (0506)

In a report released today, from CICC maintained a Buy rating on China Foods Limited, with a price target of HK$4.60.

Currently, the analyst consensus on China Foods Limited is a Strong Buy with an average price target of HK$5.21.

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