An increasingly favourable environment allows SHAI.BEITE TECH.CTD. to improve to Neutral
The independent financial analyst theScreener just upgraded the general evaluation of SHAI.BEITE TECH.CTD. (CN), a company active in the Auto Parts industry. As regards its fundamental valuation, the title confirms its rating of 2 out of 4 stars while its market behaviour remains as moderately risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date July 14, 2017, the closing price was CNY 42.03 and its expected value was estimated at CNY 41.77.SHANGHAI BEITE TECHNOLOGY CO., LTD. is a China-based company, principally engaged in the research and development, production and sales of automobile parts. The Company mainly provides two categories of semi-finished and finished products: steering gear parts, including racks, input shafts, valve sleeves, pinions and others, as well as shock absorber parts, including piston rods and others. The Company distributes its products within domestic market and to overseas markets.
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