Hengtong Optic-Electric Preliminarily Wins RMB1.831 Billion in Marine Energy Projects
Hengtong Optic-Electric announced on August 26 that it and its controlled subsidiaries have recently received project award notices or signed project contracts, confirming their selection for domestic and international marine energy projects. The total value of the awarded projects amounts to RMB1.831 billion.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Power Transmission Networks, with intensity 40/100 and 70% confidence over a short term horizon.
Energy · 1.13
Power Transmission Networks
- Direction
- positive
- Intensity
- 40
- Confidence
- 70%
- Horizon
- Short term
Power Equipment
- Direction
- positive
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.