TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Wison Engineering Services Co., Ltd. ( (HK:2236) ) has provided an announcement.
Wison Engineering Services Co., Ltd. announced the termination of a contract with Lukoil-Permnefteorgsintez, initially valued at approximately RMB8.3 billion. Despite the contract’s termination, the company has received sufficient prepayment to cover any advanced payments, ensuring no financial risk. The contract’s termination is not expected to materially impact Wison’s revenue, gross profit, or financial position, as it accounted for a small percentage of the company’s overall financials. The company’s operations remain stable and unaffected.
The most recent analyst rating on (HK:2236) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wison Engineering Services Co., Ltd. stock, see the HK:2236 Stock Forecast page.
More about Wison Engineering Services Co., Ltd.
Wison Engineering Services Co., Ltd. is a company incorporated in the Cayman Islands, operating in the engineering services industry. The company is involved in providing engineering solutions and services, with a focus on sectors such as petrochemicals and energy.
Average Trading Volume: 1,586,004
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.63B
For a thorough assessment of 2236 stock, go to TipRanks’ Stock Analysis page.