Stock Analysis: Utech Technology International | Lianhe Zaobao
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Oiltek International recently reached a framework agreement with BioSeaga, a subsidiary of Brunei's Seaga Group, to invest 1.4 billion Malaysian Ringgit in the construction of a sustainable aviation fuel plant in Sabah, Malaysia, with a maximum capacity of 300 tons per day. Oiltek will serve as the exclusive contractor, responsible for the project's engineering, procurement, construction, and trial operation services. The project is expected to bring the company annual revenues of approximately 14 million to 28 million Malaysian Ringgit, maintaining a "Buy" rating with a target price of 2.78 Ringgit
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