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and widen the user market. The company has forayed into natural gas city pipeline construction to tap the emerging business opportunities arising from the West Development. Panva has successfully broken through the mass retail market. The lucrative construction income from the gas pipeline projects will especially boost earnings substantially for the coming years. The company’s fast development has been beyond expectations and is receiving a substantial re-rating. We have assessed the company’s fair value at $5.30 per share based on the same valuations 12-month high/low: $4.15/$0.733 12-month average daily turnover: 2.21m shares Free float: 20.04% Major shareholders: Kenson (77.96%) - a wholly owned subsidiary of Sinolink............ |
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