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CNQC International Holdings Limited ( (HK:1240) ) has provided an announcement.
CNQC International Holdings Limited has secured four new main construction contracts in Hong Kong with an aggregate expected value of about HK$1.79 billion, covering safety enhancement works at The Hong Kong Polytechnic University, improvement works at the historic Western Market in Sheung Wan, a major public housing development at Kai Lung Wan South in Pok Fu Lam, and foundation and related works for a new student hostel at City University of Hong Kong in Kowloon Tong. The contracts, which run through completion dates between October 2026 and January 2029, deepen the company’s engagement in education, heritage, and public housing projects in Hong Kong and are set to bolster its construction order book, although the final contract sums may differ from current estimates and the board has not provided any profit forecast related to these awards.
The most recent analyst rating on (HK:1240) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on CNQC International Holdings Limited stock, see the HK:1240 Stock Forecast page.
More about CNQC International Holdings Limited
CNQC International Holdings Limited is a Hong Kong-based construction group, operating through various indirect wholly owned subsidiaries to deliver building, infrastructure, and enhancement works for public institutions, universities, housing authorities, and urban renewal bodies in the territory.
Average Trading Volume: 89,255
Technical Sentiment Signal: Sell
Current Market Cap: HK$307.3M
For detailed information about 1240 stock, go to TipRanks’ Stock Analysis page.