Zhongtai Securities' lower P/E ratio is possibly due to investor's predictions of a near future underperformance or an inability to enhance profitability. The recent medium-term earnings decline, expected to persist, may further lower the P/E ratio. The potential for earnings improvement is seen as insufficient to warrant a higher P/E ratio.
According to the research report released by$Zhongtai (600918.SH)$, due to the challenges of decreasing consumer demand, epidemic situation and continuous competition in Q2 of fiscal year 2023, the operating income of 2023-25FY was reduced to 8922/9915/1093.6 billion yuan, and the forecast of non GAAP net profit was adjusted to 1374/1666/1947 billion yuan. The agency is optimistic about its long-term stable growth driven by multiple engines, ...
Zhongtai Stock Forum
The agency is optimistic about its long-term stable growth driven by multiple engines, ...
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