- China Steel‘s sales for August 2024 reached NT$29.60 billion.
- This figure represents a 3.13% drop in sales compared to previous periods.
- Market analyst recommendations include:
- 4 analysts with a “buy” rating.
- 8 analysts with a “hold” rating.
- 3 analysts with a “sell” rating.
A look at China Steel Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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 indicate a positive long-term outlook for China Steel Corporation, a leading manufacturer of steel products. With a strong value score of 5, the company is considered to be attractively priced relative to its fundamentals. Although its dividend score is moderate at 2, China Steel offers some income for investors. Moreover, the growth, resilience, and momentum scores all sit at 2 or 3, indicating room for improvement in these areas. Despite facing challenges in growth and resilience, China Steel‘s overall outlook remains optimistic.
China Steel Corporation manufactures and markets various steel products such as hot rolled coils, cold rolled coils, wire rods, steel plates, and steel bars. The company’s scores suggest a solid foundation in terms of value, with opportunities for enhancement in dividends, growth, resilience, and momentum. Investors eyeing the steel industry may find China Steel a compelling prospect for long-term investment, given its strong fundamentals and market position.
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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