Report
EUR 14.01 For Business Accounts Only

CONCORD NEW EN.GP.LTD. sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of CONCORD NEW EN.GP.LTD. (HK), active in the Renewable Energy Equipment industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date March 24, 2020, the closing price was HKD 0.28 and its target price was estimated at HKD 0.27.
Underlying
Concord New Energy Group Limited

Concord New Energy Group is an investment holding company. Through its subsidiaries and associates, Co. is engaged in the design, consultancy, engineering, procurement, construction, operation and maintenance of wind power plants; the manufacture of wind power equipment and facilities; the wholesale and retail of Chinese and other medicines, health products and dried seafood products; the provision of technical and Chinese clinical services; the research and development in wind power technology; the design, research and exploitation of wind power system; and investment in wind power plant. Co.'s operations are mainly conducted in the People's Republic of China and Hong Kong.

Provider
TheScreener
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