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Smartkarma Newswire

China Steel (2002) Earnings: June Sales Reach NT$29.96 Billion Despite a 0.86% Dip

By | Earnings Alerts
  • China Steel reported sales of NT$29.96 billion for June 2024.
  • Sales represented a slight decline of 0.86% compared to the previous period.
  • Analysts’ ratings for China Steel include:
    • 4 buy ratings
    • 8 hold ratings
    • 3 sell ratings

A look at China Steel Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth2
Resilience2
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Steel Corporation, a leading manufacturer of steel products, is positioned favorably for long-term success based on its Smartkarma Smart Scores. With a top score in Value and a strong score in Dividend, the company demonstrates solid financial health and potential for consistent returns to investors. While Growth and Resilience scores are more moderate, China Steel maintains a stable position in the market, supported by a decent Momentum score. This indicates that the company may be a reliable choice for investors seeking value and steady income.

China Steel Corporation’s emphasis on value and dividend yield, combined with a diverse range of steel products, positions it well for the future. While its Growth and Resilience scores are somewhat lower, the company’s strong focus on delivering shareholder value and its established product line provide a solid foundation for long-term success. With a balanced approach to financial performance and market momentum, China Steel Corporation presents a compelling investment opportunity for those looking for stability and potential returns in the steel industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Formosa Chemicals & Fibre (1326) Earnings: June Sales Surge by 24.4% to NT$31.29 Billion

By | Earnings Alerts
  • Formosa Chemicals June Sales: NT$31.29 billion
  • Sales Increase: Up by 24.4% compared to the previous period
  • Analyst Ratings:
    • 2 Buys
    • 9 Holds
    • 3 Sells

A look at Formosa Chemicals & Fibre Smart Scores

FactorScoreMagnitude
Value5
Dividend3
Growth2
Resilience3
Momentum2
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts are optimistic about the long-term outlook for Formosa Chemicals & Fibre, with a strong performance in Value scoring top marks. This indicates that the company is considered to be undervalued compared to its peers, offering potential for growth in the future. While Growth and Momentum scores are relatively lower, suggesting slower growth and momentum in the market, other factors such as Dividend and Resilience are still solid. These scores point to stability in the company’s dividend payments and its ability to weather economic uncertainties.

Formosa Chemicals & Fibre Corporation stands out with a top-notch Value score and respectable marks in Dividend, Resilience, and Momentum. As a manufacturer and marketer of petrochemical products, nylon fiber, and rayon staple fiber primarily in Taiwan and other Asian markets, Formosa Chemicals & Fibre shows promise for investors seeking potential opportunities in the sector. The company’s ability to maintain solid dividend payments and demonstrate resilience in challenging times further adds to its appeal among analysts evaluating long-term prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Formosa Petrochemical (6505) Earnings: June Sales Surge 4.79% to NT$56.39 Billion

By | Earnings Alerts
  • Strong Sales Performance: In June 2024, Formosa Petro reported sales of NT$56.39 billion.
  • Growth in Sales: Sales increased by 4.79% compared to the previous period.
  • Analyst Recommendations: Current stock ratings include 3 buy recommendations, 9 hold recommendations, and 1 sell recommendation.

A look at Formosa Petrochemical Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Formosa Petrochemical Corp’s long-term outlook appears optimistic based on the Smartkarma Smart Scores. With high scores in value and resilience, the company is positioned well for potential growth and stability in the market. The favorable rating in dividends implies a consistent payout to shareholders, adding to its attractiveness as an investment option.

However, Formosa Petrochemical‘s lower momentum score may indicate a slower pace of price appreciation compared to its peers. Despite this, the company’s solid foundation in refining crude oil and marketing petroleum products, along with its diversified operations including utilities and electricity generation, paints a picture of a robust and reliable player in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Taiwan Semiconductor (TSMC) (2330) Earnings: June Sales Surge 33% Y/Y to NT$207.87 Billion

By | Earnings Alerts
  • TSMC’s sales in June 2024 reached NT$207.87 billion.
  • This represents a 33% increase compared to June of the previous year.
  • Second quarter sales were NT$465.64 billion, a decrease of 3.2% year-over-year.
  • Year-to-date sales stand at NT$1266.15 billion, marking a 28% growth year-over-year.
  • In April, TSMC projected second quarter sales to be between $19.6 billion and $20.4 billion.
  • Analyst ratings for TSMC include 35 buys, 1 hold, and 0 sells.

Taiwan Semiconductor (TSMC) on Smartkarma

Analyst coverage of Taiwan Semiconductor (TSMC) on Smartkarma reveals a positive sentiment from various independent analysts. Vincent Fernando, CFA, in his recent report, highlighted developments such as new Vietnam investments by key players and an optimistic outlook for UMC in the coming quarters.

In another report, Patrick Liao discussed the increasing demand for TSMC’s CoWoS technology in 2024, indicating strong growth prospects for the company. The Tech Supply Chain Tracker also emphasized the potential for further stock price growth for TSMC, driven by rising CoWoS demand and overall market performance.


A look at Taiwan Semiconductor (TSMC) Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma’s Smart Scores, Taiwan Semiconductor (TSMC) is looking at an optimistic long-term outlook. With a growth score of 4, the company is positioned well for future expansion and development. This is further supported by a resilience score of 4, indicating TSMC’s ability to withstand market challenges and maintain stability. Momentum is also strong with a score of 5, suggesting that the company is gaining positive traction in the market.

TSMC’s value and dividend scores both stand at 2, reflecting moderate performance in these areas. Despite this, the company’s strong growth, resilience, and momentum scores paint a promising picture for its future prospects. Specializing in manufacturing integrated circuits for various industries, including computer, communication, and consumer electronics, TSMC’s diverse services make it a key player in the semiconductor market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Kongsberg Gruppen (KOG) Earnings: 2Q EBITDA Surpasses Estimates with a 31% YoY Increase

By | Earnings Alerts
  • Ebitda: NOK1.82 billion, a 31% increase year-over-year, beating estimates of NOK1.61 billion.
  • Revenue: NOK11.59 billion, up 21% year-over-year, higher than the estimated NOK11.11 billion.
  • Ebitda Margin: 15.7%, improved from 14.4% last year, and above the estimated 14.1%.
  • Orders: NOK17.28 billion, a significant 64% increase year-over-year, surpassing estimates of NOK13.01 billion.
  • Backlog: NOK95.6 billion, exceeding the estimate of NOK92.77 billion.
  • Diluted EPS: NOK6.79, compared to NOK4.38 last year and above the estimate of NOK5.42.
  • CEO Comment: The USAF’s selection of the Joint Strike Missile “could be a significant revenue driver for the defense area in the years to come,” according to CEO Geir Haoy.
  • Analyst Ratings: 5 buys, 5 holds, 1 sell.

A look at Kongsberg Gruppen Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience4
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Kongsberg Gruppen shows a promising long-term outlook. With a high Growth score of 5 and Momentum score of 5, the company demonstrates strong potential for future expansion and market performance. This indicates that Kongsberg Gruppen is well-positioned for continuous growth and has positive momentum in its operations.

Additionally, the company scores well in Resilience with a score of 4, suggesting a robust ability to withstand economic downturns or industry challenges. Although the Value and Dividend scores are more moderate at 2, Kongsberg Gruppen‘s strengths in growth, momentum, and resilience highlight a solid foundation for long-term success in the aerospace and defense industry.

Summary: Kongsberg Gruppen ASA is a developer, manufacturer, and marketer of high-technology aerospace and defense products. The company specializes in anti-ship missiles, launchers, missile control systems, weapon control systems, and maritime and air traffic surveillance systems, serving armed forces in Norway and beyond.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Turk Hava Yollari Ao (THYAO) Earnings: June Passenger Numbers Reveal Growth Amid Slight Load Factor Dip

By | Earnings Alerts
  • In June 2024, Turkish Airlines saw 7.82 million passengers, a 1% increase from last year.
  • Passenger load factor dropped slightly to 82.3%, compared to 83.6% in June 2023.
  • Domestic passengers amounted to 3.01 million, a small decrease of 0.3% year-over-year.
  • International passengers reached 4.8 million, showing a 1.7% growth year-over-year.
  • For the first half of the year, Turkish Airlines transported 40.6 million passengers, up by 4.8% compared to the same period last year.
  • Analyst recommendations for Turkish Airlines are predominantly positive, with 17 buy ratings, 2 hold ratings, and no sell ratings.

A look at Turk Hava Yollari Ao Smart Scores

FactorScoreMagnitude
Value5
Dividend1
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Turk Hava Yollari Anonim Ortakligi (THY), commonly known as Turkish Airlines, is looking promising for long-term investors based on the Smartkarma Smart Scores. With top scores in the Value and Growth categories, the company shows strength in terms of its financial health and potential for future expansion. This indicates that THY offers good value for investors and has strong growth prospects ahead.

Although the company’s scores in Dividend, Resilience, and Momentum are not as high, the overall outlook remains positive for Turk Hava Yollari Ao. Investors may see potential long-term gains in their investment as the company continues to serve various destinations worldwide, including domestic routes and international hubs across different continents.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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LARGi Green Energy Technology (601012) Earnings: Preliminary 1H Net Loss of 4.8B to 5.5B Yuan

By | Earnings Alerts
  • LONGi Green Technology reports a preliminary net loss of 4.8 billion to 5.5 billion yuan for the first half of 2024.
  • This marks a significant downturn from the same period in 2023, when the company posted a net income of 9.18 billion yuan.
  • Analyst ratings for the company include 26 buys, 7 holds, and 7 sells.

A look at LONGi Green Energy Technology Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts assessing LONGi Green Energy Technology see a positive long-term outlook for the company based on its Smart Scores. With high scores in value and dividend at 4, and resilience at 4 as well, the company ranks well in these key areas. This indicates that LONGi Green Energy Technology is considered to have strong fundamentals and a potential for good returns to investors. However, the company’s growth score of 3 indicates a moderate outlook in terms of expanding its business. Additionally, the momentum score of 2 suggests that the company may be facing some challenges in maintaining investor interest in the short term.

LONGi Green Energy Technology Co., Ltd. is focused on developing, manufacturing, and selling silicon rods and silicon wafers, with a range of products including 6 inch, 6.5 inch, and 8-inch monocrystalline silicon rods and wafers. The company’s overall Smart Scores highlight its value, dividend distribution, and resilience, showing promising aspects in its financial performance and stability. Despite a somewhat lower growth score and momentum score, analysts remain optimistic about the company’s long-term prospects in the renewable energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Jiangxi Ganfeng Lithium (002460) Earnings: Preliminary 1H Net Loss of Up to 1.25B Yuan

By | Earnings Alerts


  • Ganfeng Lithium announced a preliminary net loss between 760 million yuan and 1.25 billion yuan for the first half of 2024.
  • After excluding non-recurring profit or loss, the net loss is estimated to be between 100 million yuan and 200 million yuan.
  • Preliminary basic loss per share is projected to be between 0.38 yuan and 0.62 yuan, compared with earnings per share of 2.90 yuan in the same period last year.
  • A key factor in the loss was the decline in the share price of Pilbara Minerals Limited, a financial asset held by Ganfeng Lithium, which led to a significant fair value loss.
  • The company also cited falling prices of lithium salts and lithium batteries as contributing factors.
  • Market analysts have issued 24 buy ratings, 3 hold ratings, and 5 sell ratings on the stock.


A look at Jiangxi Ganfeng Lithium Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Jiangxi Ganfeng Lithium has a positive long-term outlook across various factors. With strong scores in Value, Dividend, and Growth at 4, the company shows promising potential for investment returns and financial stability. The Resilience score of 3 indicates a moderate level of stability in challenging market conditions, while the Momentum score of 3 suggests a steady growth trajectory.

Jiangxi Ganfeng Lithium Co., Ltd. excels in the production and research of lithium products, along with managing import, export, and manufacturing operations. Its diverse range of products, including lithium metal, lithium aluminum hydride, and lithium fluoride, positions the company well in the growing lithium market. With its overall positive Smart Scores, Jiangxi Ganfeng Lithium demonstrates a solid foundation for long-term growth and potential profitability in the industry.

Summary of the company:
### Jiangxi Ganfeng Lithium Co., Ltd. researches and produces lithium products and operates import, export, and manufacturing businesses for its own products. The Company’s products include lithium metal, lithium aluminum hydride, lithium fluoride, lithium chloride, and other chemical products of lithium. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Tianqi Lithium (002466) Earnings Report: Prelim 1H Net Loss of 4.88B-5.53B Yuan Due to Price Declines

By | Earnings Alerts
  • Company Name: Tianqi Lithium
  • Financial Period: First Half of 2024
  • Preliminary Net Loss: Between 4.88 billion yuan and 5.53 billion yuan
  • Main Reason for Net Loss: Decline in prices
  • Analyst Ratings:
    • 23 Buys
    • 1 Hold
    • 6 Sells

A look at Tianqi Lithium Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum2
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Tianqi Lithium is rated highly in several key factors including Value, Dividend, and Growth. The company scores well in providing good value, offering strong dividend payouts, and showing potential for growth. Additionally, Tianqi Lithium has a moderate score for Resilience, indicating a reasonable ability to withstand market challenges. However, the company’s Momentum score is relatively low, suggesting a slower pace in terms of stock price movement. Overall, with solid ratings in Value, Dividend, and Growth, Tianqi Lithium seems to have a positive long-term outlook, supported by its diverse range of lithium products.

Sichuan Tianqi Lithium Industries, Inc., the developer, manufacturer, and seller of lithium products, including industrial lithium carbonate, battery lithium carbonate, lithium chloride, and lithium hydroxide, stands out with its favorable Smartkarma Smart Scores. With strong scores in key areas such as Value and Dividend, coupled with a promising Growth outlook, Tianqi Lithium appears well-positioned for sustained success in the long run. Despite facing some resilience challenges and displaying a lower Momentum score, the company’s robust product portfolio and strategic focus on the lithium market bode well for its future prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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TBEA Co Ltd A (600089) Earnings: Preliminary 1H Net Income Expected to Drop by Up to 62%

By | Earnings Alerts
  • TBEA announced its preliminary net income for the first half of 2024, ranging from 2.8 billion yuan to 3.1 billion yuan.
  • The company’s expected net income represents a significant year-on-year decline, estimated at -58.5% to -62.5%.
  • Analyst recommendations for TBEA stocks are predominantly positive, with 7 buys, 0 holds, and 1 sell.

TBEA Co Ltd A on Smartkarma

Analyst coverage of TBEA Co Ltd A on Smartkarma reveals insights from Janaghan Jeyakumar, CFA. In the research report titled “Quiddity Leaderboard SSE50/180 Dec 24: Some Expected DELs Could Underperform Peers,” Jeyakumar offers a bearish sentiment. The report discusses upcoming changes in the SSE 50 and SSE 180 indexes, highlighting potential underperformance of certain stocks compared to their peers. As of now, one-way flows are estimated at US$1.4bn for SSE 50 and US$235mn for SSE 180, setting the stage for interesting developments as the reference period progresses.


A look at TBEA Co Ltd A Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

With a strong emphasis on growth and dividends, TBEA Co Ltd A is positioned favorably in the long-term outlook according to Smartkarma Smart Scores. Scoring high in both the Growth and Dividend categories, the company shows promising signs for future expansion and income distribution to its investors. Furthermore, with a solid Value score, TBEA Co Ltd A is believed to offer good value for its current price in the market. While there are some concerns regarding Resilience, the company’s Momentum score suggests positive market momentum, indicating a potential upward trend in the future.

TBEA Co Ltd A, a company primarily in the business of manufacturing electrical transformers and related equipment, as well as venturing into real estate development, seems to have a bright outlook ahead. Benefiting from high scores in Growth and Dividend, the company showcases its potential for steady growth and income generation. Although facing challenges in the Resilience aspect, TBEA Co Ltd A remains competitive with a favorable Momentum score, indicating a possible uptrend in its performance in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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