170.58BMarket Cap51.47P/E (TTM)
38.85High37.76Low386.44KlotVolume38.65Open38.80Pre Close1.48BTurnover0.86%Turnover Ratio57.70P/E (Static)4.47BShares39.9952wk High3.51P/B170.58BFloat Cap24.8052wk Low42.68Limit Up4.47BShs Float142.12Historical High34.92Limit Down2.81%Amplitude0.06Historical Low0.02Dividend TTM38.27Avg Price202.13KlotAsk0.05%Div YieldTTM100Lot Size164.41KlotBid
China CSSC Stock Forum
Low p/ES are good for most stocks, but not for cyclical stocks. If cyclical companies start to trade at very low p/es, that is probably a sign that they are near the end of their high. Smart investors are already selling stocks to avoid the risk of a sharp fall.
High p/ES are bad for most stocks, but good for companies in cyclical industries. Usually, it means that the company is coming out of the worst of the mess, that business will soon improve and that the stock price is set to rise steadily.
As soon as the economy starts to slump, I focus on these stocks, hoping to invest at the bottom of the cycle. When things couldn't get any worse, things started to get better again. A downtrodden cyclical company will surely return with a strong balance sheet.
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