Shandong Molong Petroleum Machinery Co., Ltd. Class A (002490.SZ)
Monday
5:27 AM
ThesisThe recent surge in oil prices and new contracts in Southeast Asia have improved the outlook for revenue growth, suggesting a recovery in demand for drilling equipment.
Shandong Molong Petroleum Machinery Co., Ltd. Class A: the setup is constructive — recent contracts secured in southeast asia for $150m in drilling equipment, indicating strong demand in emerging markets.
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