Last $1.90 HKD
Change Today +0.01 / 0.53%
Volume 1.5M
196 On Other Exchanges
Symbol
Exchange
Hong Kong
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As of 11:58 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

honghua group (196) Snapshot

Open
$1.90
Previous Close
$1.89
Day High
$1.90
Day Low
$1.87
52 Week High
12/5/13 - $3.02
52 Week Low
05/12/14 - $1.67
Market Cap
6.2B
Average Volume 10 Days
7.1M
EPS TTM
$0.17
Shares Outstanding
3.2B
EX-Date
05/27/14
P/E TM
8.9x
Dividend
$0.06
Dividend Yield
3.17%
Current Stock Chart for HONGHUA GROUP (196)

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honghua group (196) Details

Honghua Group Limited, an investment holding company, is engaged in the research, design, manufacture, setting, and sale of land drilling rigs, offshore drilling modules, and parts and components. It also provides technical support and drilling engineering services. The company operates through four segments: Land Drilling Rigs, Offshore Drilling Rigs, Parts, Components and Others, and Oil and Gas Engineering Services. The company designs and manufactures land drilling equipment, including land drilling rigs, offshore drilling packages, top drives, mud pumps, and other oil drilling equipment and ancillaries; and offshore equipment comprising jack-up, semi-submersible, fixed platform, and SPAR offshore drilling platforms, as well as functioning equipment, navigation and anchor systems, electric and dynamic modules, and platform bodies. It also offers various oil and gas engineering services, including drilling services, such as oil and gas wells, air and foam, underbalanced, horizontal/vertical, horizontal/directional, and high H2S wells drilling services; and other drilling services, such as cementing, high density mud engineering, casing running, surface testing, and completion services. In addition, the company offers workovers; and vaule-added services, including drilling camp construction and operation, and rig moving services. Further, it is involved in the trade of drilling rigs and related parts. The company operates primarily in the People’s Republic of China, the Americas, the Middle East, and Europe, as well as Central, South, and Southeast Asia. The company was founded in 1997 and is headquartered in Chengdu, the People’s Republic of China.

7,724 Employees
Last Reported Date: 04/15/14
Founded in 1997

honghua group (196) Top Compensated Officers

Chairman, President, Chairman of Strategic In...
Total Annual Compensation: CNY2.8M
Vice President, Executive Director and Member...
Total Annual Compensation: CNY1.7M
Vice President, Executive Director and Member...
Total Annual Compensation: CNY1.6M
Compensation as of Fiscal Year 2013.

honghua group (196) Key Developments

Honghua Group Limited Declares Final Dividend for the Year Ended December 31, 2013

Honghua Group Limited declared final dividend of 6 HK cents per share of the company for the year ended December 31, 2013, at the annual general meeting to be held on May 21, 2014.

Honghua Group Limited and GE (China) Co. Ltd. Enters into a Memorandum of Understanding for Strategic Cooperation Framework

The board of directors of Honghua Group Limited announced that on 5 May 2014 (USA time), the company entered into a Memorandum of Understanding for Strategic Cooperation Framework with GE (China) Co. Ltd. (‘GE’) in Houston, the United State of America (the "USA"). According to the MOU, the company and GE will establish a strategic cooperation relationship to jointly endeavor to develop an integrated gas power solution in oil and gas field. The MOU will take effect upon execution by both Parties and expire on 31 December 2016. The term of the MOU may also be extended upon mutual agreement by both Parties. The company will install GE's gas power products in the company's self-developed and manufactured oil and gas drilling equipment to complete the packaging and system integration in its production base in China. This system will be developed as an integrated on-site power solution for well drilling, well completion and output production by using conventional or non-conventional natural gas or associated gas in the field; GE supports the company to realize the integrated power solution in the oil and gas exploration industry through the utilization of Waukesha gas engines and grants the Company top priority to cooperate in this area; and the company intends to purchase several sets of Waukesha gas engines and generators from GE throughout the term of the MOU.

Honghua Group Limited Presents at Morgan Stanley Fifth Annual Hong Kong Investor Summit, May-12-2014

Honghua Group Limited Presents at Morgan Stanley Fifth Annual Hong Kong Investor Summit, May-12-2014 . Venue: Morgan Stanley ICC Conference Centre, Hong Kong.

 

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196:HK $1.90 HKD +0.01

196 Competitors

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Aker Solutions ASA 95.00 NOK +0.55
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Integrated Drilling Equipment Holdings Corp $3.15 USD 0.00
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Industry Analysis

196

Industry Average

Valuation 196 Industry Range
Price/Earnings 8.7x
Price/Sales 0.6x
Price/Book 1.0x
Price/Cash Flow 8.8x
TEV/Sales NM Not Meaningful
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