ZHEJIANG HANGMIN STK.'A' suffers a double requalification, which weighs heavily on its rating, now at Neutral.
The independent financial analyst theScreener just downgraded the general evaluation of ZHEJIANG HANGMIN STK.'A' (CN), active in the Clothing & Accessories industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date December 7, 2021, the closing price was CNY 5.32 and its target price was estimated at CNY 4.82.Zhejiang Hangmin is engaged in spinning, weaving, printing and dyeing of textile fabrics and auxiliary materials; generating of thermoelectricity and steam air; purchasing and selling of coal; and importing and exporting of goods. Through its subsidiaries, Co. is also engaged in manufacturing and selling of disperse dye and emulated chemical fiber fabric; dyeing, printing and processing of chemical fiber textiles; providing freight forwarding services and sewage treatment. Co.'s weaving, printing and dyeing products, include multiple-fiber blending fabrics, imitation fabrics and printing fabrics, under the brand name of "Feihang".
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