Zoomlion’s Strong 3Q 2018 in Line With Expectations; Shares Still Undervalued on Margin Expansion
Zoomlion’s first-half 2018 net profit increased by around 70% to CNY 874 million compared with the year-ago period on a comparable basis (the firm sold its environmental equipment business in 2017). Gross margin improved to 25.5% from 18.0% during the year-ago period. This is driven by an improvement in its product mix as the firm sells more high-margin products and better inventory management. Management also stated that it has managed to raise prices for machinery on the back of rising raw mat...
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.