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An unfavourable environment weighs on HILONG HOLDING LTD., which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of HILONG HOLDING LTD. (HK), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date June 14, 2019, the closing price was HKD 0.81 and its target price was estimated at HKD 0.68.
Hilong Holding (P Chip)

Hilong Holding is engaged in the business as an oilfield equipment and service provider with a focus on drill pipes, line pipe and oil country tubular goods coatings and oilfield services. Co. operates in the following segments: oil and gas equipment production, which include the production of drilling pipes which are used in drilling exploration or production wells for oil and gas producers; coating materials production and coating service provision, which include the production of coating materials for anticorrosive and anti-friction purpose and provision of coating services; and oilfield services provision, which include the provision of well drilling services to oil and gas producers.


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