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The latest announcement is out from Chengdu Putian Telecommunications Cable Co., Ltd. Class H ( (HK:1202) ).
Chengdu Putian Telecommunications Cable Co., Ltd. has announced the renewal of its supply framework agreement with the 8th Research Institute, a subsidiary of China Electronics Technology, for the year 2026. This agreement involves SEI Optical, a subsidiary of the company, supplying optical fibre products to the 8th Research Institute. The transactions are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval. The agreement is set for a fixed term from January 1, 2026, to December 31, 2026, with pricing based on prevailing market conditions.
The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.
More about Chengdu Putian Telecommunications Cable Co., Ltd. Class H
Chengdu Putian Telecommunications Cable Co., Ltd. Class H operates in the telecommunications industry, focusing on the production and supply of optical fibre products. The company is involved in transactions with entities related to China Electronics Technology, indicating a market focus on telecommunications infrastructure.
Average Trading Volume: 113,920
Technical Sentiment Signal: Buy
Current Market Cap: HK$356M
See more insights into 1202 stock on TipRanks’ Stock Analysis page.