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Dalipal Holdings Limited ( (HK:1921) ) has issued an update.
Dalipal Holdings Limited announced that its products have successfully completed a trial order for Saudi Arabian Oil Company (Aramco), meeting all test indicators and moving into the final internal procedures for supplier qualification, after which Dalipal will be officially recognized as a qualified Aramco supplier. The company said this milestone is strategically significant as it paves the way for long-term cooperation with Aramco, supports sales growth and market share expansion in the Middle East, validates its R&D and manufacturing standards for entry into core regional energy markets, and complements its plan to establish a production base in Dammam to enable localized production and supply, improve supply chain efficiency, reduce costs, and strengthen its competitive position in the region.
The most recent analyst rating on (HK:1921) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Dalipal Holdings Limited stock, see the HK:1921 Stock Forecast page.
More about Dalipal Holdings Limited
Dalipal Holdings Limited is a Cayman Islands–incorporated company listed in Hong Kong, operating through subsidiaries in the manufacture and supply of products for the energy sector, with a growing strategic focus on serving core oil and gas markets in the Middle East, particularly Saudi Arabia.
Average Trading Volume: 2,852,314
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$11.75B
Find detailed analytics on 1921 stock on TipRanks’ Stock Analysis page.