Accelerating Revenue Recognition Drove 23% Net Earnings Growth at SEG; FVE Remains at HKD 3.60
No-moat Shanghai Electrics Group reported a strong first-quarter result on accelerating revenue recognition of key projects. The company’s net income and revenue rose 23% year on year and 20% year on year, respectively, to CNY 657 million and CNY 18.4 billion. With its total backlog covering our 2018 revenue forecast nearly 3 times, we reaffirm our top-line assumption of 3%-4% annually for 2018-19 and consider shares undervalued at the current market price relative to SEG’s stable growth outlook...
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.