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CICC: Maintains SINOPEC SEG (02386) with an outperform rating in the Industry, Target Price at HKD 6.10.
Looking ahead, the bank believes that the company's Order quantity still has room for growth.
SINOPEC Engineering (Group) Co Reports 31% Surge in New Contracts in Q1
Hong Kong Stock Morning Report | The first batch of Hong Kong stock Funds' quarterly reports reveal heavy holdings in Tencent, Xiaomi, and BYD has launched a 4.1 billion yuan employee stock ownership plan.
① Emphasize promoting Consumer spending and expanding domestic demand with greater efforts. ② The first batch of Hong Kong stock Fund quarterly reports are released, with Institutions heavily investing in Tencent, Xiaomi, and Alibaba. ③ BYD launches an employee stock ownership plan for 2025, totaling 4.1 billion yuan. ④ The Ministry of Finance will issue 12.5 billion yuan in Chinese government bonds in Hong Kong.
In the first quarter, SINOPEC SEG (02386) signed new contracts totaling 44.373 billion yuan, an increase of 31.4% year-on-year.
SINOPEC SEG (02386) announced that for the three-month period ending March 31, 2025, the group...
Express News | Sinopec Engineering - Qtrly Total Value of New Contracts Entered RMB44.373 Bln
SINOPEC Engineering (Group) (HKG:2386) Has A Rock Solid Balance Sheet