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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  China Steel Corporation    2002   TW0002002003

CHINA STEEL CORPORATION

(2002)
  Report
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China Steel Corporation : We expect the end of the technical rebound

05/14/2020 | 08:57am EST
short sell
Stop-loss triggered
Entry price : 19.85TWD | Target : 17.5TWD | Stop-loss : 21.1TWD | Potential : 11.84%
The end of the technical rebound appears close for stocks in China Steel Corporation following the recovery of the past few days.
Investors should open a short trade and target the TWD 17.5.
China Steel Corporation : China Steel Corporation : We expect the end of the technical rebound
Summary
  • In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.

Weaknesses
  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • The company sustains low margins.
  • The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
  • With an expected P/E ratio at 553.08 and 32.52 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
  • The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
  • For the past seven days, analysts have been lowering their EPS expectations for the company.
  • For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
  • For the past year, analysts have significantly revised downwards their profit estimates.
  • Below the resistance at 21.8 TWD, the stock shows a negative configuration when looking looking at the weekly chart.

© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
BYD COMPANY LIMITED 9.35% 278.4 End-of-day quote.37.01%
CHINA STEEL CORPORATION 1.27% 23.95 End-of-day quote.-3.23%

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2020 318 B 11 366 M 11 366 M
Net income 2020 441 M 15,7 M 15,7 M
Net Debt 2020 205 B 7 312 M 7 312 M
P/E ratio 2020 715x
Yield 2020 0,86%
Capitalization 365 B 13 038 M 13 050 M
EV / Sales 2020 1,79x
EV / Sales 2021 1,51x
Nbr of Employees 28 490
Free-Float 70,9%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 26,04 TWD
Last Close Price 23,70 TWD
Spread / Highest target 32,9%
Spread / Average Target 9,86%
Spread / Lowest Target -21,5%
EPS Revisions
Managers and Directors
NameTitle
Hsi Chin Wang President & Director
Chao Tung Weng Chairman
Yueh Kun Yang Director & Vice President-Finance Division
Song Jau Tsai Vice President-Technology
Cheng I Weng Director
Sector and Competitors
1st jan.Capitalization (M$)
CHINA STEEL CORPORATION-3.23%13 179
BAOSHAN IRON & STEEL CO., LTD.14.79%23 472
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD.25.15%21 240
JSW STEEL LIMITED-1.28%12 583
EVRAZ PLC8.99%10 224
BLUESCOPE STEEL LIMITED-2.12%6 634