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OFFON

CHINA HONGQIAO GROUP LIMITED

(1378)
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China Hongqiao Group Limited : No turn-around in sight

06/08/2021 | 02:49am EST
long trade
Target price hit
Entry price : 11.18HKD | Target : 14.06HKD | Stop-loss : 8.87HKD | Potential : 25.76%
China Hongqiao Group Limited's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Investors have an opportunity to buy the stock and target the HKD 14.06.
China Hongqiao Group Limited : China Hongqiao Group Limited : No turn-around in sight
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 group's high margin levels account for strong profits.
  • Its low valuation, with P/E ratio at 6.28 and 5.97 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
  • The company is one of the best yield companies with high dividend expectations.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • For the past twelve months, EPS forecast has been revised upwards.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

ę MarketScreener.com 2021

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 2021 115 B 17 995 M 17 995 M
Net income 2021 19 681 M 3 087 M 3 087 M
Net Debt 2021 16 150 M 2 533 M 2 533 M
P/E ratio 2021 2,84x
Yield 2021 16,4%
Capitalization 55 740 M 8 742 M 8 742 M
EV / Sales 2021 0,63x
EV / Sales 2022 0,52x
Nbr of Employees 42 751
Free-Float 23,7%
Upcoming event on CHINA HONGQIAO GROUP LIMITED
03/25/22
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 6,11 CNY
Average target price 11,40 CNY
Spread / Average Target 86,5%
EPS Revisions
Managers and Directors
Bo Zhang Chairman & Chief Executive Officer
Rui Lian Zhang Chief Financial Officer, Executive Director & VP
Jian Xing Independent Non-Executive Director
Ben Wen Han Independent Non-Executive Director
Xin Yi Dong Independent Non-Executive Director