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Beijing Enterprises Urban Resources Group Ltd. ( (HK:3718) ) has issued an update.
Beijing Enterprises Urban Resources Group Limited has announced that its wholly owned subsidiary, Beijing Enterprises Urban Environmental Services Group Limited, has successfully won a bid for a labour subcontracting project for integrated sanitation operations in the Hedong area of Zengdu District, Suizhou City, Hubei Province. The three-year project, with an estimated total contract value of RMB137.41 million and expected annual revenue of about RMB45.8 million, covers cleaning and maintenance, landscaping and greening, municipal facility upkeep and other environmental hygiene services, and is structured on a “1+1+1” renewal basis subject to meeting local environmental sanitation improvement plans and related policies. The group noted that a formal contract has yet to be signed and actual contract value and revenue may vary with market conditions, signalling both growth potential in its core mainland sanitation business and some execution uncertainty for investors to monitor.
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 Limited is an environmental services provider principally engaged in environmental hygiene services, hazardous waste treatment, and waste electrical and electronic equipment treatment. Through its PRC subsidiaries, the Group focuses on urban sanitation and related environmental management projects across mainland China.
Average Trading Volume: 586,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.39B
See more data about 3718 stock on TipRanks’ Stock Analysis page.