CROSBY Research – Wasion Holdings (3393 HK/ BUY): More overseas order win

1 August 2024

Last week, Wasion announced that the company has won a smart meter tender from a major local power distribution company in Hungary with a total contract value of EUR31.6m. In mid-July, the company’s Hungarian Factory has officially commenced operation. With the commencement of its Hungarian factory, Wasion will ramp up its production processes, not only to boost overall internal efficiency, but also to ensure timely order delivery.

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