The trend of Baoshan Iron & Steel's ROCE is not promising, indicating that the company's reinvestments in the business have not been yielding higher returns. This could be a potential concern for investors looking for high-return opportunities.
Despite Baoshan Iron & Steel's lower P/E ratio than the market, its expected weak growth and declining earnings prospects seem to dissuade investors. Without earnings improvement, the low P/E ratio could continue to constrain the share price.
Baoshan Iron & Steel trends are concerning, with declining ROCE and stagnant sales despite reinvestment for growth. Reduction in liabilities could suggest lowered risk, but likely affects ROCE generation. Market pessimism continues about these trends' short-term improvement.
Baoshan Iron & Steel Stock Forum
Power generation +5.1% to 0.71TWh.
Automobile production +11.2% to 2.61 mln units.
Steel production +8.1% to 1.27 trillion tons.
$NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $BYD Company Limited (002594.SZ)$ $BYD COMPANY (01211.HK)$ $XPENG-W (09868.HK)$ $Tesla (TSLA.US)$ $Baoshan Iron & Steel (600019.SH)$ $SH ELECTRIC (02727.HK)$
The changes in risk appetite in the commodities market lead to the recent price corrections on Chinese
steel and aluminum firms, which offers an opportunity to buy in $Angang Steel (000898.SZ)$, $Baoshan Iron & Steel (600019.SH)$, $ZIJIN MINING (02899.HK)$, $CMOC (03993.HK)$, and $CHALCO (02600.HK)$.
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