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Beijing Enterprises Urban Resources Group Ltd. ( (HK:3718) ) has provided an update.
Beijing Enterprises Urban Resources Group Ltd. announced that its subsidiary, BE Urban Environmental Services PRC, has successfully won tenders for two significant projects in Chengde City, Hebei Province, and Nanjing City, Jiangsu Province. These projects, valued at RMB 185.13 million and RMB 260.18 million respectively, involve comprehensive environmental sanitation services, including waste collection, sanitation facility maintenance, and cityscape management. The announcement highlights the company’s strategic expansion in China’s environmental services market, although formal contracts are yet to be signed, and actual revenues may vary due to market conditions.
The most recent analyst rating on (HK:3718) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Beijing Enterprises Urban Resources Group Ltd. stock, see the HK:3718 Stock Forecast page.
More about Beijing Enterprises Urban Resources Group Ltd.
Beijing Enterprises Urban Resources Group Ltd. is primarily engaged in providing environmental hygiene services, hazardous waste treatment, and waste electrical and electronic equipment treatment services. The company operates through its subsidiary, BE Urban Environmental Services PRC, which focuses on environmental hygiene services in China.
Average Trading Volume: 1,226,933
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.49B
For a thorough assessment of 3718 stock, go to TipRanks’ Stock Analysis page.