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| Friday, 29 November 2019, 17:23 HKT/SGT | |
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HONG KONG, Nov 29, 2019 - (ACN Newswire) - Analogue Holdings Limited ("Analogue" or the "Company", together with its subsidiaries collectively as the "Group") (stock code: 1977), the largest electrical and mechanical ("E&M") engineering service provider in Hong Kong with operations in Macau and Mainland China, has been officially included as a constituent stock of Morgan Stanley Capital International ("MSCI") Hong Kong Micro Cap Index.
MSCI is a leading provider of global equity indices worldwide. MSCI Hong Kong Micro Cap Index is one of the most widely used equity benchmarks among institutional investors to measure portfolio performances. The index covers thousands of stocks from different geographic sub-areas and cap sizes that have good operational results and potential. The inclusion of Analogue as a constituent stock within the MSCI Hong Kong Micro Cap Index reflects investors' confidence in its performance and long term growth potential and will further enhance the Group's position in Hong Kong and the international capital markets.
Dr. Poon Lok To Otto, Chairman and Executive Director of Analogue Holdings Limited, said, "The successful listing in July has marked an important milestone for the Group in 2019 and has further consolidated our leading position in the industry. We are also honoured to be included as a constituent of the MSCI Hong Kong Micro Cap Index which speaks volumes to our true market value and this will in turn enhance investors' confidence in our business growth and future development."
Despite the recent uncertainties in the economy, the Group has won a number of large-scale contracts leveraging its solid foundation and profound strengths, including a commercial project and a residential development project at Kai Tak area, an Automated Guided Vehicle Parking Systems project in Tai Po, several enhancement and maintenance contracts at the Hong Kong-Zhuhai-Macao Bridge Hong Kong Port, a new E&M contract in Chek Lap Kok, as well as the Group's first lift modernisation project for the Hong Kong Housing Authority, assuring the steady growth of its business. Looking ahead, Analogue will continue to focus on strengthening the development for its four business segments, while devising more innovative technologies to capture new market opportunities, so as to further enhance its profitability and strive to generate satisfactory returns for shareholders.
About Analogue Holdings Limited
Established in 1977 and headquartered in Hong Kong, the Group is the largest E&M engineering service provider in Hong Kong in terms of revenue in 2018[ ], with substantial operations in Macau and Mainland China. The Group provides multi-disciplinary and comprehensive E&M engineering and technology services in different segments, including Building Services engineering, Environmental Engineering, ICBT and Lifts & Escalators to a wide spectrum of customers from the banking, property development, education, entertainment, hospitality, information technology, data centres, transportation and utilities sectors, as well as departments of the Hong Kong SAR Government. The Group also manufactures and sells lifts and escalators internationally. Nanjing Canatal Data Centre Environmental Tech Company Limited, an associate of the Group specialised in manufacturing of precision air conditioners, has been listed on the main board of the Shanghai Stock Exchange since November 2017.
Nov 29, 2019 17:23 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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