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Are Strong Financial Prospects The Force That Is Driving The Momentum In Sinoma International Engineering Co.,Ltd's SHSE:600970) Stock?
Guotou Securities: dual-drive of debt-to-equity conversion and market cap management, multiple state-owned enterprises in the construction sector are blossoming in multiple locations.
Since the beginning of this year, China's policy on debt-for-equity swaps has been continuously strengthened. In November 2024, the Ministry of Finance announced a 10 trillion yuan debt-for-equity swap policy, the most significant effort in recent years, with the expectation of a substantial reduction in financial pressure on local governments.
Sinoma International Engineering Subsidiary Signs General Contracting Deal for Solar Project in Iraq
Sinoma International Engineering (600970.SH): Its wholly-owned subsidiary signed a $0.3515 billion "Iraq Kut 1000MW Solar Energy Generation Project EPC Contract".
On November 19, Gelonghui reported that Sinoma International Engineering (600970.SH) announced that its wholly-owned subsidiary Suzhou Sinoma Construction Co., Ltd. has signed a general contract for the 1000MW solar power generation project in Kut, Iraq with MASS Iraq Co. For Renewable Energy Production (referred to as "the owner"), with a contract amount of 0.3515 billion US dollars. The project is located in Kut City, Wasit Province, Iraq, and the contract is for the general contracting of the 1000MW solar power generation project.
Sinoma International Engineering Co.,Ltd's (SHSE:600970) Prospects Need A Boost To Lift Shares
CNBM Unit to Buy Factory Buildings, Assets From Affiliate
The Total Return for Sinoma International EngineeringLtd (SHSE:600970) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years