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Shougang Concord Century Holding Ltd. ( (HK:0103) ) just unveiled an announcement.
Shougang Concord Century Holdings Ltd. has announced the establishment of a joint venture aimed at developing a European steel cord production base. This project is part of the company’s strategy to increase its market share in Europe and extend its reach to the Middle East and Africa, addressing international demand for a secure supply chain. Additionally, the joint venture plans to establish super advanced materials companies focusing on R&D and commercialization of micro-filaments and micro-ropes, targeting opportunities in the robotics industry and other sectors. These initiatives are expected to strengthen the company’s international competitiveness and provide new development opportunities.
The most recent analyst rating on (HK:0103) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shougang Concord Century Holding Ltd. stock, see the HK:0103 Stock Forecast page.
More about Shougang Concord Century Holding Ltd.
Shougang Concord Century Holdings Ltd. operates in the steel industry, focusing on the production of steel cords. The company is expanding its market reach, particularly in Europe, the Middle East, and Africa, by enhancing its supply chain and international competitiveness.
YTD Price Performance: 89.78%
Average Trading Volume: 5,449,419
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.09B
For detailed information about 0103 stock, go to TipRanks’ Stock Analysis page.