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The latest update is out from SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ).
SINOPEC Engineering (Group) Co., Ltd. announced that its subsidiary, Sinopec Guangzhou Engineering Co., Ltd., has been awarded a FEED contract in collaboration with Técnicas Reunidas for a large-scale green hydrogen project in Yanbu, Saudi Arabia. This project, led by ACWA Power, aims to produce green hydrogen and ammonia using renewable energy sources, marking a significant step in global energy transition and potentially impacting the company’s market positioning in the green energy sector.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$7.10 price target. To see the full list of analyst forecasts on SINOPEC Engineering (Group) Co., Ltd. Class H stock, see the HK:2386 Stock Forecast page.
More about SINOPEC Engineering (Group) Co., Ltd. Class H
SINOPEC Engineering (Group) Co., Ltd. is a joint stock limited liability company incorporated in China, operating in the engineering sector. It focuses on providing engineering services, particularly in the energy sector, and is involved in projects related to green hydrogen and energy transition.
Average Trading Volume: 3,479,406
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.8B
For an in-depth examination of 2386 stock, go to TipRanks’ Overview page.