Earnings Alerts

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

  • 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars