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Due to a more favourable environment, HESTEEL CTD. slightly increases to Neutral

HESTEEL CTD. (CN), a company active in the Steel industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as moderately risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Neutral even if it remains under pressure. As of the analysis date September 13, 2019, the closing price was CNY 2.66 and its target price was estimated at CNY 2.36.
Hebei Iron and Steel (A)

Hebei Iron & Steel is engaged in the smelting and processing of iron, steel and other ferrous metal products. Through its subsidiaries, Co. is also engaged in the production and sale of acid pickling cold-rolled plate, aluminum zinc alloy, coating plate, medium and thick boards, cement, coke, coke oven gas, lime, ore pellets and other coked products; mining and trading; procurement and processing of fine iron powder; processing and distribution of panel; as well as provision of metallurgy technical services and warehousing. Co.'s main products include iron, steel and vanadium products.


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