On April 20, 0546.HK Group (Fufeng Group) rose again by more than 8%, with a cumulative increase of 35% during the month. It is now trading at HK $4.18, a new high in more than four years, and the total market capitalization is back above HK $10 billion.
The company is a well-known manufacturer of amino acids in China. Some institutions predict that the future price of amino acids will rise slightly, and the valuation center of relevant manufacturers is expected to rise.
Huaxi Securities said that in the long run, the monosodium glutamate and amino acid industry is limited by new capacity in the context of carbon neutralization, and the valuation center is expected to rise.