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Chenghe Acquisition Co   (CHEA)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $5.5800 $0.00 0.000%
Day's High: $5.59 Week Perf: -14.68 %
Day's Low: $ 5.00 30 Day Perf: -49.46 %
Volume (M): 42 52 Wk High: $ 12.15
Volume (M$): $ 235 52 Wk Avg: $10.44
Open: $5.23 52 Wk Low: $4.70



 Market Capitalization (Millions $) 53
 Shares Outstanding (Millions) 9
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Chenghe Acquisition Co
Chenghe Acquisition Co is a Chinese investment company that specializes in acquiring and investing in various industries, including technology, manufacturing, and consumer goods. The company aims to broaden its portfolio and enhance its presence in both domestic and international markets through strategic acquisitions and investments. Chenghe Acquisition Co focuses on identifying promising opportunities and supporting the growth and development of the companies it invests in. With a strong management team and a vast network of resources, the company strives to create value for its shareholders and contribute to the growth of the businesses it acquires.


   Company Address: 38 Beach Road #29-11 South Beach Tower 189767
   Company Phone Number: 9851 8611   Stock Exchange / Ticker: NASDAQ CHEA
   


   

Stock Performances by Major Competitors

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Chenghe Acquisition Co

Chenghe Acquisition Co witnesses a remarkable surge in business expenditures during July-September 2023 interval

The Blank Checks sector has seen some noteworthy developments during the current earnings season from July to September 30, 2023. One notable constituent of this sector, Chenghe Acquisition Co (CHEA), recently reported an operating shortfall of $-1.400917 million for the third quarter of 2023. This figure highlights the challenges the company is facing as it navigates through the current stage of its organizational development.
To put this operating shortfall into perspective, it is important to compare it with the figure from the same quarter of the previous year. In the third quarter of 2022, CHEA had an operating shortfall of $-0.24521 million. The significant increase in the operating shortfall indicates that the company needs to focus on cultivating and improving its business model as quickly as possible. It is essential for CHEA to ensure it maintains sufficient resources to sustain day-to-day operations.

Chenghe Acquisition Co

Chenghe Acquisition Co Grapples with Unexpected Downturn: Q2 2023 Business Results Reveal Staggering Losses



In a bid to assess the second quarter performance of Chenghe Acquisition Co (CHEA), industry veterans in the blank checks sector have been closely monitoring the company's financials. Though the operating loss for the Q2 of 2023 stood at $-0.574012 million, the absence of specified top-line figures for this period has heightened anticipation among stakeholders for potential revenue streams in the near future.
Shareholders, it appears, are less concerned about the current productivity improvement at CHEA. Their confidence is further bolstered by the fact that the company not only revealed a net income of $0.859 million during the April to June 2023 interval but also surpassed the results of the second quarter of 2022. This unexpected success has generated optimism for the future prospects of Chenghe Acquisition Co.

Chenghe Acquisition Co

Chenghe Acquisition Co Announces Record-Breaking ROI in Q1 2023, But Lags Behind Competitors in Financial Sector

Chenghe Acquisition Co recently announced that it achieved a return on average invested assets (ROI) of 1.62% in its first quarter of 2023, which is a new company high. Sounds impressive, right? However, upon closer inspection, it's quite worrisome.
While it's true that Chenghe Acquisition Co recorded a higher ROI than the previous quarter at 1.09%, it still pales in comparison to other companies within the Financial sector. In fact, 395 other companies had a higher return on investment, which indicates that the company's overall performance is lacking.






 




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