Angel Yeast Co., Ltd

600298

CNE0000014G0

Food Processing

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
29.38 ^CNY	+2.26%		-2.26%	-16.49%

Apr. 19	Angel Yeast Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Tranche Update on Angel Yeast Co., Ltd's Equity Buyback Plan announced on November 20, 2023.	CI

Angel Yeast Co., Ltd agreed to acquire Yichang Angel Bio-Agricultural Technology Co., Ltd. from Hubei Angel Bioengineering Group Co., Ltd. for CNY 20.9 million.

March 18, 2024

Angel Yeast Co., Ltd (SHSE:600298) agreed to acquire Yichang Angel Bio-Agricultural Technology Co., Ltd. from Hubei Angel Bioengineering Group Co., Ltd. for CNY 20.9 million on March 15, 2024. The board of directors of Angel Yeast approved the transaction. Yichang Angel reported operating income of CNY 10.87 million, net profit of CNY 2.56 million and total assets of CNY 35.47 million on December 31, 2023.

Latest news about Angel Yeast Co., Ltd

Angel Yeast Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 19	CI
Tranche Update on Angel Yeast Co., Ltd's Equity Buyback Plan announced on November 20, 2023.	Apr. 01	CI
Angel Yeast's 2023 Profit Falls 4%, Misses Estimates; Shares Decline 3%	Mar. 19	MT
Angel Yeast Co., Ltd agreed to acquire Yichang Angel Bio-Agricultural Technology Co., Ltd. from Hubei Angel Bioengineering Group Co., Ltd. for CNY 20.9 million.	Mar. 18	CI
Angel Yeast Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 18	CI
Angel Yeast Compliant With Rules, Annual Inspection Finds	Mar. 18	MT
Angel Yeast Says No Plan to Build Brazilian Factory	Feb. 08	MT
Angel Yeast to Build Green Intelligent Plant for 250 Million Yuan	Feb. 05	MT
Angel Yeast to Set Up Brazilian Subsidiary	Jan. 24	MT
Tranche Update on Angel Yeast Co., Ltd's Equity Buyback Plan announced on November 20, 2023.	Jan. 02	CI
Angel Yeast Expands to Algeria With $1.4 Million JV	Dec. 19	MT
Chinese Shares Extend Gains on Strong Yuan; Angel Yeast Jumps 3% on Expansion Plan	Nov. 21	MT
Angel Yeast Boosts Investment in Cranberry Preserves Project by 39 Million Yuan	Nov. 21	MT
Angel Yeast Co., Ltd announces an Equity Buyback for CNY 480 million worth of its shares.	Nov. 20	CI
Angel Yeast Co., Ltd authorizes a Buyback Plan.	Nov. 19	CI
Angel Yeast Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2023	23-10-24	CI
Angel Yeast Receives 168 Million Yuan Government Grants in Q3	23-10-13	MT
Angel Yeast Earmarks 39 Million Yuan For New Fertilizer Factory	23-09-26	MT
Angel Yeast to Invest 46 Million Yuan in Finished Product Warehouse Project	23-09-26	MT
Angel Yeast to Build 50 Million Yuan Egypt Warehouse	23-09-26	MT
Angel Yeast Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-24	CI
Angel Yeast Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-28	CI
Angel Yeast Delays Commissioning of 402 Million Yuan Production Plant to June	23-04-18	MT
Middle East sovereign funds hungry for China stocks	23-04-14	RE
Angel Yeast Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-30	CI

Chart Angel Yeast Co., Ltd

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Company Profile

ANGEL YEAST CO., LTD is a China-based company, principally engaged in the manufacture and distribution of yeast and other products. The Company operates its businesses primarily through yeast and deep processed yeast product business, dairy product business, packing business and sugar refinery business. The Company mainly provides baker's yeast, brewing/distilling yeast, yeast extracts, healthy products, biological feeding additives and food materials, among others, which are applied in baking, alcohol, seasoning, medical, human health and animal nutrition industries. It offers its products under the brand name of Angel. The Company distributes its products within domestic market and to overseas markets.

Sector

Food Processing

Calendar

2024-08-08 - Q2 2024 Earnings Release (Projected)

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Ratings for Angel Yeast Co., Ltd

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

29.38 CNY

Average target price

35.2 CNY

Spread / Average Target

+19.82%

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Sector Food Ingredients

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INTERNATIONAL FLAVORS & FRAGRANCES INC.	+4.50%	21.6B
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TATE & LYLE PLC	-3.79%	3.14B
JONJEE HI-TECH INDUSTRIAL AND COMMERCIAL HOLDING CO.,LTD	+4.73%	3.11B
KEWPIE CORPORATION	+27.19%	2.79B
ANHUI HUAHENG BIOTECHNOLOGY CO., LTD.	-14.60%	2.34B

Food Ingredients