MAANSHAN IRON&STEEL receives a double requalification that leads to a downgrade to Neutral
MAANSHAN IRON&STEEL (CN), a company active in the Steel industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis date February 22, 2022, the closing price was CNY 4.26 and its expected value was estimated at CNY 4.08.Maanshan Iron & Steel is engaged in the manufacture and sale of iron and steel products. The production process comprises iron-making, steel-making and steel rolling. Through its subsidiaries, Co. is also engaged in planning and designing metallurgical, construction and environmental protection projects; the provision for storage, transportation and after-sale services; construction supervision and contract service; the design of automation systems; the purchase, installation and repair of automation, computer and communication systems; processing of vehicle spare parts; trading used automobiles; selling automobiles and accessories; and leasing properties.
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