- Preliminary net income for Rongsheng Petro in the first half of 2024 is between 800 million yuan and 1.10 billion yuan.
- The company’s performance has improved due to a diversified range of products.
- Gross profit increased on some of their chemical products.
- Analysts’ ratings for Rongsheng Petro: 22 buys, 1 hold, 1 sell.
A look at Rongsheng Petro Chemical A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Based on Smartkarma Smart Scores, Rongsheng Petro Chemical A shows a fairly positive long-term outlook. With strong momentum and average scores in value, dividend, and growth, the company seems to be in a good position for future success. However, the resilience score is slightly lower, indicating a need for potential improvements in this area. Overall, the company is well-positioned for growth and has a solid foundation to build upon.
Rongsheng Petro Chemical Company Limited specializes in the manufacturing and sales of purified terephthalic acid (PTA) and various polyester yarn products. Its product line includes PTA, polyester full drawn yarn (FDY), polyester pre-oriented yarn (POY), polyester drawn textured yarn (DTY), polyester filament, and polyethylene terephthalate (PET) slices. With a diverse product range and positive Smart Scores in key areas, Rongsheng Petro Chemical A is poised to continue its success 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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