171.70BMarket Cap45.01P/E (TTM)
38.41High36.92Low551.41KlotVolume37.33Open37.29Pre Close2.07BTurnover1.23%Turnover Ratio58.08P/E (Static)4.47BShares43.4652wk High3.52P/B171.70BFloat Cap24.6052wk Low41.02Limit Up4.47BShs Float141.92Historical High33.56Limit Down4.00%Amplitude-0.14Historical Low0.20Dividend TTM37.51Avg Price253.81KlotAsk0.52%Div YieldTTM100Lot Size260.31KlotBid
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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