Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Machinery Engineering Corp    1829   CNE100001NP4

CHINA MACHINERY ENGINEERING CORP (1829)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

China Machinery Engineering : Mengpin Project in Laos Receives Certificate of Merit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/14/2017 | 10:13am CEST

As the first project of the 1stComplete Plants Division of CMEC in Laos, theMengpinpower transmission & distribution project was signed in May 2014 for EPC general contracting. The owner of the project is EDL.At present, the project has been completed ahead of schedule and received TOC issued by the owner in September 2016.

Recently, the project office has received a certificate of merit from its owner. The owner thanked and praised CMEC employees who are involved in the implementation of the project for their wisdom, ability, diligence and rigorousness.

In August 2012, CMEC started its operation in Laos; in May 2014, it signed the EPC general contract with the owner; in November 2014, it signed the loan agreement; in 2015, the project was officially kicked off.

Previously, Laos had no nationwide state grid and needed to buy electricity at a high cost for its northern region that suffers from shortage of electricity. The Lao government is in urgent need of building a state grid to solve the problem, therefore, the country has huge market potentials and great development capability.

CMEC, by taking practical actions, has steadily gained recognition from the owner and consolidated its market position in Laos.

CMEC - China Machinery Engineering Corporation published this content on 06 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 April 2017 08:13:20 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHINA MACHINERY ENGINEERIN
04/10CHINA MACHINERY ENGINEERING : Solar Project in Ukraine
AQ
03/21CHINA MACHINERY ENGINEERING CORP : annual earnings release
02/09CHINA MACHINERY ENGINEERING : Black and Veatch to Lead DCO Process for New 900 M..
AQ
02/08CHINA MACHINERY ENGINEERING : Black & Veatch to Lead DCO Process for New 900 MW ..
AQ
01/25CHINA MACHINERY ENGINEERING : Chinese karaoke competition a success
AQ
01/05CHINA MACHINERY ENGINEERING : CMEC consortium inks US$385m Myanmar contract
AQ
2017CHINA MACHINERY ENGINEERING : CMEC inks EUR119m Guinea project contract
AQ
2017CHINA MACHINERY ENGINEERING : CMEC inks US$398m Cameroon project contract
AQ
2017CHINA MACHINERY ENGINEERING : Is this the end of the road for Adani’s Aust..
AQ
2017CHINA MACHINERY ENGINEERING : 1500 housing units developed by CMEC handed over t..
AQ
More news
Financials ( HKD)
Sales 2018 31 860 M
EBIT 2018 3 274 M
Net income 2018 2 449 M
Finance 2018 18 467 M
Yield 2018 5,28%
P/E ratio 2018 7,35
P/E ratio 2019 5,63
EV / Sales 2018 -0,01x
EV / Sales 2019 -0,32x
Capitalization 18 066 M
Chart CHINA MACHINERY ENGINEERIN
Duration : Period :
China Machinery Engineerin Technical Analysis Chart | 1829 | CNE100001NP4 | 4-Traders
Technical analysis trends CHINA MACHINERY ENGINEERIN
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 6,41  HKD
Spread / Average Target 46%
EPS Revisions
Managers
NameTitle
Ya Min Zhou President, CFO & Executive Director
Hua Qiang Quan Chairman-Supervisory Board
Chun Zhang Chairman
Zhi An Wang Non-Executive Director
Li Liu Independent Non-Executive Director
Sector and Competitors