158.77BMarket Cap59.56P/E (TTM)
35.80High35.35Low182.53KlotVolume35.80Open35.82Pre Close648.08MTurnover0.41%Turnover Ratio53.71P/E (Static)4.47BShares45.9552wk High3.20P/B158.77BFloat Cap26.7652wk Low39.40Limit Up4.47BShs Float141.92Historical High32.24Limit Down1.26%Amplitude-0.14Historical Low0.20Dividend TTM35.50Avg Price98.15KlotAsk0.56%Div YieldTTM100Lot Size75.92KlotBid
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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