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The latest update is out from Binhai Investment Co ( (HK:2886) ).
Binhai Investment’s two largest shareholders, Tianjin TEDA Investment Holding and Sinopec Natural Gas, have signed a new framework agreement to deepen strategic cooperation and support the company’s long-term development. The deal aims to position Binhai as a core terminal cooperation platform for both parties in natural gas and comprehensive clean energy, particularly in the Tianjin market.
Under the agreement, Sinopec Natural Gas will secure sufficient gas supply and offer competitive pricing to help Binhai expand its terminal market scale and strengthen its role as a key sales platform. The group will also enjoy preferential terms at Sinopec’s Tianjin LNG terminal, including on processing fees and storage services, which should enhance its gas storage, peak-shaving capabilities, and overall competitiveness along the industrial chain.
The most recent analyst rating on (HK:2886) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Binhai Investment Co stock, see the HK:2886 Stock Forecast page.
More about Binhai Investment Co
Binhai Investment Company Limited is a Hong Kong-listed energy company engaged in natural gas distribution and integrated clean energy services. The group operates terminal gas sales platforms and related infrastructure, with a particular focus on the Tianjin region, and counts Tianjin TEDA Investment Holding and China Petroleum & Chemical Corporation as its largest shareholders.
Average Trading Volume: 206,056
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.52B
Learn more about 2886 stock on TipRanks’ Stock Analysis page.