Report
EUR 13.06 For Business Accounts Only

Increased risk weighs on JIANGSU LUGANG SCTC.CTD., penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of JIANGSU LUGANG SCTC.CTD. (CN), active in the Clothing & Accessories industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date October 31, 2017, the closing price was CNY 6.19 and its target price was estimated at CNY 5.10.
Underlying
Jiangsu Lugang Science&Technology (A)

Jiangsu Lugang Culture Co Ltd., formerly Jiangsu lugang science &technology co.ltd, is principally engaged in the manufacture and distribution of knitted woolen yarns and worsted woolen fabrics. The Company primarily provides worsted yarns, semi-worsted yarns and worsted woolen fabrics. Its products are applied in the manufacture of shirts, suits and others. Through its subsidiaries, the Company also engages in the manufacture and distribution of garments, as well as hotel business. The Company distributes its products within domestic market and to overseas markets.

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TheScreener
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