Chalco Reported Strong 2016 Preliminary Results; No Change in Our Fair Value Estimate
No-moat Aluminum Corporation of China, or Chalco, guided that 2016 net profit will increase by about 85% to CNY 380 million. Management attributed the strong performance to lower financial expenses and margin improvement stemming from cost-cutting efforts and efficiency enhancement. Despite that, we believe that the firm is still making a core loss, stripping out government grants and other gains. The guidance appears to be below market consensus, and we anticipate limited upside boost from the ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.