- Shengyi Tech reports a significant increase in preliminary net income for the first half of 2024.
- Net income has surged between 62% and 71% compared to the previous period.
- The projected net income range is between 900 million yuan and 950 million yuan.
- The company has received 18 buy ratings from analysts.
- There is 1 hold rating and 1 sell rating from analysts.
A look at Shengyi Technology Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
The long-term outlook for Shengyi Technology looks promising based on Smartkarma Smart Scores. The company scores well across various factors, with a particularly strong momentum score of 5. This indicates that Shengyi Technology is performing well in terms of market momentum, potentially leading to continued positive growth in the future. Additionally, the company scores high on the dividend factor, with a score of 4, suggesting that it may provide attractive returns to investors through dividends.
Shengyi Technology also demonstrates decent scores in value, growth, and resilience, with scores of 2, 3, and 3 respectively. These scores imply that the company is fairly valued, has room for growth, and shows resilience in the face of challenges. Overall, Shengyi Technology, a manufacturer and marketer of electronic components such as copper coated panels and printed circuit boards, seems well-positioned for long-term success based on its Smartkarma Smart Scores assessment.
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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