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Hengyang Petrochemical Logistics Ltd. ( (SG:5PD) ) has provided an announcement.
Hengyang Petrochemical Logistics Ltd. has been impacted by the inclusion of its joint venture, Jiangyin Foreversun, on the U.S. Department of Treasury’s Specially Designated Nationals List due to transactions involving Iranian-connected vessels. This has led to a significant decrease in revenue, particularly from foreign customers, and is expected to result in a financial loss for the China Holdco Group in FY2025, contrasting with a profit in FY2024.
More about Hengyang Petrochemical Logistics Ltd.
Hengyang Petrochemical Logistics Ltd., incorporated in Singapore, operates in the petrochemical logistics industry, focusing on providing storage services for chemical products. The company has a joint venture, Jiangyin Foreversun Chemical Logistics Co., Ltd., which is involved in the storage of butadiene and other chemicals.
Technical Sentiment Signal: Sell
Current Market Cap: S$18.52M
For a thorough assessment of 5PD stock, go to TipRanks’ Stock Analysis page.