Earnings Alerts

China Hongqiao (1378) Earnings: 1H Net Income Soars to 9.15B Yuan, Interim Dividend Announced

  • Net Income: China Hongqiao reported a net income of 9.15 billion yuan for the first half of 2024.
  • Revenue: The company’s revenue amounted to 73.59 billion yuan during this period.
  • Dividend: An interim dividend of 59.0 HK cents per share was declared.
  • Analyst Recommendations: Analysts’ ratings for China Hongqiao include 19 buys, 1 hold, and 1 sell.

China Hongqiao on Smartkarma

Analyst coverage on Smartkarma for China Hongqiao has been positive according to reports by Leonard Law, CFA. In his Morning Views Asia reports, Law provides fundamental credit analysis, opinions, and trade recommendations on high yield issuers in the region. The coverage on China Hongqiao includes insights based on key company-specific developments in the past 24 hours, giving investors valuable information to make informed decisions. Law’s bullish sentiment on China Hongqiao reflects optimism about the company’s prospects.

Investors can access detailed research reports on China Hongqiao by Leonard Law, CFA on Smartkarma. Law’s analysis offers valuable insights into the company’s credit profile and potential investment opportunities in the high yield market. His positive outlook on China Hongqiao highlights the strength of the company in the market and provides a comprehensive view for investors looking to delve deeper into the stock. Overall, the analyst coverage on Smartkarma plays a crucial role in guiding investors towards making well-informed decisions regarding investments in China Hongqiao.


A look at China Hongqiao Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE4.2

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 Hongqiao Group Ltd., a leading manufacturer of aluminum products, shows promising long-term potential based on the Smartkarma Smart Scores. With top scores in Value, Dividend, and Momentum, the company is positioned well for growth and stability. The high Value score reflects the company’s attractiveness from an investment standpoint, while the strong Dividend score indicates a reliable track record of rewarding shareholders. Additionally, the top Momentum score suggests positive trends in the company’s stock performance. Although Growth and Resilience scores are slightly lower, China Hongqiao‘s overall outlook remains positive, supported by its core strengths in value, dividends, and momentum.

China Hongqiao Group Ltd. stands out in the aluminum industry with its focus on manufacturing molten aluminum alloy, aluminum alloy ingots, and aluminum busbars. The company’s strong performance in key areas such as value, dividends, and momentum bodes well for its future prospects. Investors looking for a company with solid fundamentals and growth potential may find China Hongqiao an attractive investment opportunity. By leveraging its top scores in Value, Dividend, and Momentum, China Hongqiao demonstrates a strong foundation for long-term success in the competitive aluminum products 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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