Anton Oilfield Services Sees Q4 Orders Dip but Ends 2025 with Robust Backlog
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Anton Oilfield Services Group (HK:3337) reported a 20% year-on-year decline in new orders for Q4 2025, totaling RMB2.08 billion, due to a high comparison base from a previous large project in Iraq and delayed tenders in China. However, orders from other overseas markets surged over fivefold. The company maintains a robust year-end backlog of RMB16.76 billion, indicating sustained medium-term activity despite market volatility. Analysts rate the stock as a Buy with a target price of HK$1.00.
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