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HONG KONG, Oct 15, 2014 - (ACN Newswire) - Quam Securities Company Limited published a desk note for Hans Energy Company Ltd ("Han Energy", 554.hk). They gave Hans Energy a Positive view. The arbitration with Sinopec was resolved in Mar 2014 and Sinopec is required to pay ~RMB588mn as a result of early termination of leases. Hans Energy is currently trading at 2.5x P/B (or 0.4x P/B if total assets are marked-to-market), a ~32% discount to the average of its peers.
For more details, please browse http://www.quamir.com/client/554/Hans%20Energy_554_hk.pdf
About Hans Energy Company Ltd (554.hk)
Hans Energy Company Ltd (554.hk) is a major provider with integrated operations of petroleum, chemicals and gas products jetties, warehousing and logistics services in South China. It operates two liquid product terminals in Panyu ("XHIT") and Dongguan ("DZIT"), as well as a warehouse and logistic centre for solid chemical products located in Xiao Hu Island. The Company was listed in the Mainboard of Stock Exchange Hong Kong in May 1997
For further information, please contact Ms Anita Wan of QuamIR at 9191-7504 or anita.wan@quamgroup.com
Topic: Press release summary
Source: Hans Energy Company Ltd
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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