Understanding the Market | MIGAO GROUP rose nearly 6% and recently announced its entry into the Vietnamese market, planning to invest over 200 million yuan to build production facilities
MIGAO GROUP rose nearly 6%, as of the time of writing, up 5.8%, reported at HKD 6.02, with a trading volume of HKD 48.0498 million. In terms of news, recently, MIGAO GROUP announced that the group plans to establish production facilities in Phu My, Ba Ria-Vung Tau Province, Vietnam, with a construction area of approximately 63,510 square meters, primarily producing potassium sulfate and nitrogen-potassium compound fertilizers, with one production line designed for an annual output of about 80,000 tons of potassium sulfate and approximately 100,000 tons of nitrogen-potassium compound fertilizers, with a total cost of about RMB 265 million. The group estimates that based on the current market demand in Southeast Asia and South Asia, assuming the market prices of related products remain unchanged, after expanding production capacity, the products produced at the Vietnam facility will generate annual sales of approximately RMB 400 million to 500 million
According to Zhitong Finance APP, MIGAO GROUP (09879) rose nearly 6%, as of the time of writing, it increased by 5.8%, trading at HKD 6.02, with a transaction volume of HKD 48.0498 million.
In terms of news, recently, MIGAO GROUP announced that the group plans to establish production facilities in Phu My, Ba Ria-Vung Tau Province, Vietnam, with a construction area of approximately 63,510 square meters, primarily producing potassium sulfate and nitrogen-potassium compound fertilizer. One production line is designed with an annual production capacity of about 80,000 tons of potassium sulfate and approximately 100,000 tons of nitrogen-potassium compound fertilizer, with a total cost of about RMB 265 million. The group estimates that based on the current market demand in Southeast Asia and South Asia, assuming the market prices of related products remain unchanged, after expanding production capacity, the products produced at the Vietnam facility will generate approximately RMB 400 million to 500 million in annual sales
