181.27BMarket Cap54.70P/E (TTM)
40.92High39.80Low394.21KlotVolume40.01Open40.01Pre Close1.59BTurnover0.88%Turnover Ratio61.32P/E (Static)4.47BShares43.6652wk High3.73P/B181.27BFloat Cap24.8052wk Low44.01Limit Up4.47BShs Float142.12Historical High36.01Limit Down2.80%Amplitude0.06Historical Low0.02Dividend TTM40.32Avg Price145.21KlotAsk0.05%Div YieldTTM100Lot Size223.66KlotBid
China CSSC Stock Forum
Low p/ES are good for most stocks, but not for cyclical stocks. If cyclical companies start to trade at very low p/es, that is probably a sign that they are near the end of their high. Smart investors are already selling stocks to avoid the risk of a sharp fall.
High p/ES are bad for most stocks, but good for companies in cyclical industries. Usually, it means that the company is coming out of the worst of the mess, that business will soon improve and that the stock price is set to rise steadily.
As soon as the economy starts to slump, I focus on these stocks, hoping to invest at the bottom of the cycle. When things couldn't get any worse, things started to get better again. A downtrodden cyclical company will surely return with a strong balance sheet.
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