- Huayou Cobalt’s preliminary net income for the first half of 2024 has decreased by 14% to 28%.
- The preliminary net income is estimated to be between 1.5 billion and 1.8 billion yuan.
- The company attributes this decline in net income to a drop in metal prices.
- As of now, there are 20 buy recommendations, 1 hold recommendation, and 2 sell recommendations for Huayou Cobalt’s stock.
A look at Zhejiang Huayou Cobalt Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| 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
Zhejiang Huayou Cobalt Company Ltd., a manufacturer and distributor of battery materials and cobalt products, is positioned well for the long term based on its Smartkarma Smart Scores. With an impressive dividend score of 5, the company shows strength in returning value to its shareholders. Additionally, its solid value and growth scores of 4 indicate promising potential for future expansion and profitability. However, Zhejiang Huayou Cobalt’s resilience score of 2 and momentum score of 3 suggest some challenges that may impact its performance in the face of market volatility and competitive pressures.
In summary, Zhejiang Huayou Cobalt Company Ltd. is a Chinese company specializing in battery materials and cobalt products. While demonstrating strong value, growth prospects, and a commitment to shareholder returns, the company faces resilience and momentum challenges that could impact its long-term performance. Investors may want to consider these factors carefully when assessing the overall outlook for Zhejiang Huayou Cobalt.
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.
💡 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
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
