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...
A director at Chongqing Iron & Steel Co sold 464,800 shares at 2.835CNY and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Summary Marketline's China Oriental Group Company Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by China Oriental Group Company Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a co...
The historical high in domestic crude steel production in May and the fall in the steel spreads of steel mills have been major drags on steel names’ performances since Apr 19. We see no clear signs of a sector recovery at the current stage while the execution and impact of Tangshan’s newly-introduced steel production curbs have to be monitored and assessed. Maintain UNDERWEIGHT on China’s steel sector.
We are concerned about the softer steel demand in the downstream and believe crude steel production might have peaked at the record high in 4M19. Margin deterioration would likely continue amid a weaker steel market and rising iron ore costs. We expect headwinds to continue throughout 2019 and forecast domestic finished steel consumption to decline 2% in 2019. Downgrade the sector to UNDERWEIGHT and lower the target prices of the steel stocks under our coverage.
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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