- China Shipbuilding’s revenue for the first half of 2024 stands at 22.10 billion yuan.
- The company’s gross margin is reported at 12.4%.
- Analysts’ consensus shows strong confidence with 3 buy ratings and no hold or sell recommendations.
China Shipbuilding Industry on Smartkarma
Analysts on Smartkarma are closely watching the developments at China Shipbuilding Industry Co. Ltd., as reported by Caixin Global. In the insightful research report titled “China’s Giant Invests $690 Million in Dry Docks as Tide Turns For Shipbuilding,” the sentiment leans bullish as China’s state-owned shipbuilding giant makes significant investment moves. China Shipbuilding Industry is set to invest over 5 billion yuan ($690 million) in two acquisition deals to expand its shipyard capacity and meet the increasing demand in the industry.
The Shanghai-listed arm of China State Shipbuilding Corp. Ltd., China Shipbuilding Industry, has announced a 4.04 billion yuan acquisition of assets in Lingang, Tianjin. This strategic acquisition includes a 500,000-ton and a 300,000-ton dry dock, equipped with advanced facilities, highlighting the company’s commitment to growth and enhancing its capabilities in the shipbuilding sector, as per the company’s filing.
A look at China Shipbuilding Industry Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 4 | |
Dividend | 1 | |
Growth | 3 | |
Resilience | 5 | |
Momentum | 5 | |
OVERALL SMART SCORE | 3.6 |
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
China Shipbuilding Industry Company Limited, a prominent player in the ship parts industry, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With strong scores in value, resilience, and momentum, the company showcases solid potential for growth and stability. The high resilience score suggests that the company is well-equipped to weather economic uncertainties and external challenges, providing a sense of security for investors. Additionally, the momentum score indicates positive market sentiment and potential for sustained price appreciation, making it an attractive opportunity for those looking for growth prospects.
Despite the low dividend score, the company’s overall outlook seems positive, especially with respectable ratings in value and growth. Investors interested in the maritime sector may find China Shipbuilding Industry Company Limited an intriguing option given its diverse product range that includes engines, auxiliary engines, and transportation equipment. With a combination of value, resilience, and momentum, the company seems well-positioned to navigate the evolving market landscape and deliver value to its stakeholders 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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