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The latest announcement is out from Sichuan Expressway Co ( (HK:0107) ).
Sichuan Expressway Company Limited has issued a further announcement on the renewal of its Refined Oil Framework Agreement between subsidiary Zhonglu Energy and PetroChina Sichuan Sales Branch, clarifying the pricing mechanism for refined oil purchases. Under the agreement, Zhonglu Energy will set refined oil prices by benchmarking PetroChina Sichuan Group’s prices to its affiliated gas stations and comparable independent third-party suppliers, using publicly available market data from major state-owned oil companies to ensure prices do not exceed prevailing market levels, with transportation fees determined by distance, weight, risk, and comparisons with independent logistics providers. The board, including independent non-executive directors, considers the agreement and its pricing policies to be on normal commercial terms, fair and reasonable, and in the interests of the group and shareholders, suggesting that the arrangement supports transparent cost management for fuel procurement linked to the company’s core operations.
The most recent analyst rating on (HK:0107) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Sichuan Expressway Co stock, see the HK:0107 Stock Forecast page.
More about Sichuan Expressway Co
Sichuan Expressway Company Limited is a PRC-incorporated joint stock company listed in Hong Kong that operates in the transportation and infrastructure sector, primarily focusing on expressway-related businesses and associated services in Sichuan Province.
Average Trading Volume: 2,121,763
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.7B
See more data about 0107 stock on TipRanks’ Stock Analysis page.