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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Angang Steel Company Limited    347   CNE1000001V4

ANGANG STEEL COMPANY LIMITED

(347)
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Angang Steel Company Limited : The trend should continue

04/08/2021 | 02:56am EDT
long trade
Live
Entry price : 4.48HKD | Target : 6HKD | Stop-loss : 3.75HKD | Potential : 33.93%
Shares in Angang Steel Company Limited have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement.
Investors have an opportunity to buy the stock and target the HKD 6.
Angang Steel Company Limited : Angang Steel Company Limited : The trend should continue
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • The company shows low valuation levels, with an enterprise value at 0.45 times its sales.
  • Its low valuation, with P/E ratio at 10.36 and 9.47 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • The company is one of the best yield companies with high dividend expectations.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The stock is in a well-established, long-term rising trend above the technical support level at 2.99 HKD

Weaknesses
  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
Subsector Other Steel
1st jan.Capitalization (M$)Investor Rating
ANGANG STEEL COMPANY LIMITE..51.90%6 548
ARCELORMITTAL29.00%30 571
NUCOR CORPORATION51.40%23 982
POSCO21.14%22 287
NIPPON STEEL CORPORATION39.34%15 573
TATA STEEL LIMITED32.29%13 600
STEEL DYNAMICS, INC.38.84%10 947
COMPANHIA SIDERÚRGICA NACIO..37.77%10 637
MAGNITOGORSK IRON & STEEL W..16.01%9 340
CLEVELAND-CLIFFS INC.20.47%8 896
GERDAU S.A.27.69%8 767
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Financials
Sales 2021 110 B 16 867 M 16 867 M
Net income 2021 5 295 M 809 M 809 M
Net Debt 2021 9 077 M 1 386 M 1 386 M
P/E ratio 2021 8,34x
Yield 2021 4,18%
Capitalization 42 880 M 6 548 M 6 548 M
EV / Sales 2021 0,47x
EV / Sales 2022 0,43x
Nbr of Employees 31 512
Free-Float 31,6%
Upcoming event on ANGANG STEEL COMPANY LIMITED
04/26/21
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 4,30 CNY
Last Close Price 4,04 CNY
Spread / Highest target 48,4%
Spread / Average Target 6,32%
Spread / Lowest Target -16,0%
EPS Revisions
Managers and Directors
NameTitle
Yi Dong Wang Chairman
Tie Jian Mu Chairman-Supervisory Board
Chang Li Feng Independent Non-Executive Director
Jian Hua Wang Independent Non-Executive Director
Wang Lin Wang Independent Non-Executive Director