Stock Track | China Feihe Stock Surges 5.44% as Investors Bet on Turnaround Despite Earnings Decline

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Shares of China Feihe Limited (HKG:6186), a leading infant milk formula producer, soared 5.44% on Wednesday, October 10th, amid investor optimism for a potential turnaround in the company's business prospects.

The stock rally comes despite China Feihe's recent struggles with declining earnings growth. The company's earnings per share (EPS) fell by 19% in the previous year and a staggering 58% over the past three years.

Nonetheless, investors appear to be betting on a brighter future for the company, driving its stock price up by a remarkable 40% in the last 30 days and 29% over the past year. This has pushed China Feihe's price-to-earnings (P/E) ratio to 13.6x, which is considered high compared to other companies in Hong Kong.

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