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Tianjin Jinran Public Utilities Co. Ltd. Class H ( (HK:1265) ) just unveiled an update.
Tianjin Jinran Public Utilities Company Limited has entered into a non-binding strategic cooperation framework with Tianjin Jinchen Gas Sales Co., Ltd., a regional gas operator established in 2017 with registered capital of RMB200 million and operations in Beichen and Wuqing districts of Tianjin. The contemplated cooperation, which may include an acquisition of Jinchen Gas’s equity or assets or other forms of collaboration, aims at resource integration and mutual benefit, potentially expanding Tianjin Jinran’s customer base beyond Jinchen Gas’s existing 15,000 gas users and enhancing its position in the Tianjin gas distribution market, though the parties have yet to sign any legally binding agreement and caution is advised as the deal may or may not proceed.
The most recent analyst rating on (HK:1265) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Tianjin Jinran Public Utilities Co. Ltd. Class H stock, see the HK:1265 Stock Forecast page.
More about Tianjin Jinran Public Utilities Co. Ltd. Class H
Tianjin Jinran Public Utilities Company Limited is a PRC-incorporated public utilities provider listed in Hong Kong, operating in the gas distribution and related public utilities sector. The company focuses on supplying natural gas and associated services in Tianjin, serving residential, commercial and industrial customers within its regional network.
Average Trading Volume: 938,048
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$329.2M
For a thorough assessment of 1265 stock, go to TipRanks’ Stock Analysis page.