Heilongjiang Agriculture Stock Forum

Despite satisfactory ROCE, the company's returns and capital employed remain stable, indicating a mature business that isn't re-investing earnings. It's unlikely to become a multi-bagger soon.

Despite lower EPS, the company's share and revenue growth indicate possible sacrifice of current earnings for growth. The total shareholder return offers a fuller picture of the stock's return. Long-term performance could present an opportunity if fundamentals remain strong and share price is down due to sentiment.

Despite a decent ROE, Heilongjiang Agriculture had little growth in past years due to possibly poor earnings retention or capital allocation. Concerns are raised due to the low earnings growth and high payout ratio, despite the projected earnings expansion.

Total Retail Sales of Consumer Goods: December 2022 total retail sales of consumer goods were 405.42 billion yuan, nominal -1.8% YoY (+4.1 pct from previous value), higher than expected, mainly due to the high increase in demand for drugs under the influence of the epidemic in December, as well as benefiting from the Spring Festival + subjective travel intentions to...