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SymbolStock Name
Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
CN Stock MarketDetailed Quotes
600019 Baoshan Iron & Steel
- 6.96
- 0.000.00%
Trading Jul 25 09:36 CST
153.02BMarket Cap12.72P/E (TTM)
6.98High6.93Low30.57KlotVolume6.97Open6.96Pre Close21.25MTurnover0.01%Turnover Ratio12.82P/E (Static)21.99BShares7.2852wk High0.78P/B152.13BFloat Cap5.3552wk Low7.66Limit Up21.86BShs Float17.50Historical High6.26Limit Down0.72%Amplitude-2.57Historical Low0.31Dividend TTM6.95Avg Price8.41KlotAsk4.45%Div YieldTTM100Lot Size19.04KlotBid
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News
Nippon Steel Agrees To Withdraw From Joint Venture With Baoshan Iron & Steel In China
Express News | Baoshan Iron and Steel Acquires the 50% Share by 1.758 Billion Yuan
Express News | Baoshan Iron and Steel Approves Proposal of the Acquisition of 50% Share of Baosteel Nippon Steel Automotive Steel Sheets Held by Nippon Steel
Baoshan Iron & Steel (600019.SH): plans to acquire 50% equity of BNA for 1.758 billion yuan.
Baoshan Iron & Steel (600019.SH) announced on July 23 that Baoshan Nippon Automotive Sheet Co., Ltd. (hereinafter referred to as "BNA") was established in 2004, and its operation period will expire on August 29, 2024. Baoshan Iron & Steel and Nippon Steel Corporation (hereinafter referred to as "Nippon Steel") each hold 50% of the equity. After mutual agreement, Baoshan Iron & Steel will purchase the 50% equity of BNA held by Nippon Steel for 1.758 billion yuan, and after the completion of the acquisition, BNA will continue to exist in the form of a wholly-owned subsidiary of Baoshan Iron & Steel. The above-mentioned acquisition amount is ultimately based on the net value of BNA filed with the state-owned assets.
Express News | Nippon Steel Eyes to Cut Steel Production Capacity in China by About 70% - Nikkei
Express News | Nippon Steel to Dissolve Jv With China's Baoshan - Nikikei
Comments
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.
Baoshan Iron & Steel (SHSE:600019) Will Want To Turn Around Its Return Trends 1
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.
Crudeoil refinery +2.4% to 18.2 million tons.
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.
$NIO Inc(NIO.US$ $NIO Inc. USD OV(NIO.SG$ $NIO-SW(09866.HK$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $XPENG-W(09868.HK$ $Tesla(TSLA.US$ $Baoshan Iron & Steel(600019.SH$ $SH ELECTRIC(02727.HK$
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.
$NIO Inc(NIO.US$ $NIO Inc. USD OV(NIO.SG$ $NIO-SW(09866.HK$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $XPENG-W(09868.HK$ $Tesla(TSLA.US$ $Baoshan Iron & Steel(600019.SH$ $SH ELECTRIC(02727.HK$
+1
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CITI:
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 $CHALCO(02600.HK$.
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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