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CHK Oil ( (HK:0632) ) just unveiled an update.
CHK Oil Limited has announced that its subsidiaries, Liaoning Port Oil Technology Co., Ltd. and Palm Energy (Hainan) Co., Ltd., have entered into agreements with Zhejiang Dumei Electronics Technology Co., Ltd. to provide market development and technical services for the sale of intelligent oil and gas extraction equipment. These agreements, each with a 10-year term, aim to leverage CHK Oil’s market resources and technical expertise to enhance Dumei’s customer base and sales in the PRC and international markets. This strategic move is expected to strengthen CHK Oil’s position in the oil extraction industry and expand its influence in both domestic and global markets.
The most recent analyst rating on (HK:0632) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on CHK Oil stock, see the HK:0632 Stock Forecast page.
More about CHK Oil
CHK Oil Limited operates in the oil and gas industry, focusing on the development and provision of intelligent oil and gas extraction equipment. The company is involved in market development and technical services, primarily targeting oil fields in the People’s Republic of China and overseas.
Average Trading Volume: 11,162,565
Technical Sentiment Signal: Sell
Current Market Cap: HK$312.9M
Find detailed analytics on 0632 stock on TipRanks’ Stock Analysis page.