FANGDA SPECIAL STL.TECH. 'A' with less fundamental stars is reduced to Neutral
FANGDA SPECIAL STL.TECH. 'A' (CN), a company active in the Steel industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date March 15, 2022, the closing price was CNY 7.34 and its expected value was estimated at CNY 8.17.Nanchang Changli Iron & Steel is engaged in the manufacture, research, development and sale of automobile leaf spring, torsion-bar spring, spring round steel, spring flat steel spring, shock absorber, special equipment used for spring, automobile spare parts and mould; sale of automobiles; sale and process of metal, ferroalloy and metallurgical untreated fuel; manufacture and sale of ferrous metal smelting and its calender run products and its by products; manufacture, process and sale of coking and carbonize products and by products; production of granulating slag; construction installation; and the import and export of commodities.
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